DGS may be anti-profiteering watchdog under GST regime

The Directorate General of Safeguards (DGS) under the revenue department is likely to be the watchdog for monitoring whether businesses resort to profiteering once the proposed goods and services tax (GST) regime kicks in on 1 July. The powerful federal indirect tax body, the GST Council, is favourably considering to trust DGS with the task as it has experience in studying the price and market dyn…