Anti-Profiteering Mechanism And Commensurate Price Reduction - A Fine Balancing Act

Sometime back social media was abuzz with before and after pictures of invoices of some goods and services, showing price increase immediately after decrease in the rate of GST. This ripple was created when GST Council in its meeting held at Guwahati, reduced rate of GST on host of goods and services, including restaurant services. The Government in the meanwhile acted equally swiftly to form Nati…