Extend gains or face action under GST law: Govt to companies

The government on Friday warned that businesses should pass on the benefit+ of lower taxes to consumers or face anti-profiteering action provided under the GST law . Revenue secretary Hasmukh Adhia told TOI that the government is doing detailed calculations+ and the proposed anti-profiteering agency will be asked to keep tabs on price movements. "We have a strategy of requesting trade and industry…