How does the govt monitor profiteering after GST rates are cut?
On June 24, the National Anti-Profiteering Authority (NAPA) directed the Central Board of Indirect Taxes and Customs and Goods and Service Tax Officials to ensure that the recent GST cuts in essential Covid items is passed onto customers by retailers, suppliers and manufacturers. At its meeting on June 12, the all-powerful Goods and Service Tax Council slashed the GST rates on a number of ite…