The GST anti-profiteering ‘weapon’

We expect companies to cooperate. We hope we don’t have to use the weapon”. This was the threat issued by Hasmukh Adhia, India’s revenue secretary (“GST: Hasmukh Adhia warns industry against hiking prices arbitrarily”, The Indian Express , 20 May). Adhia was demanding “cooperation” from corporate India on pricing of their goods and services after the implementation of goods and services tax (GST).…