NAA Nudges GST Officers to Collect Evidence Against Suppliers Not Cutting Prices of Covid Essentials

Within a fortnight of GST rate cut on COVID-19 essentials, including medicines and oxygen, the GST anti-profiteering authority has urged field tax officers to collect evidence against suppliers who have not reduced prices. The Central Board of Indirect Taxes and Customs (CBIC) had on June 14 notified reduced GST rate on 18 COVID-19-related supplies like Remdesivir and Tocilizumab drugs as well as…