CBIC Actively Monitors Post-GST Rate Reductions to Ensure Benefits for Consumers - SAG Infotech Official Tax Blog

After the GST reduction, the Central Board of Indirect Taxes & Customs ( CBIC ) is ready to track the price. The Finance Ministry, while answering to the questions before the Lok Sabha, mentioned that the board is working with the trade bodies, etc, to ensure the benefits are passed to the final consumers. The government, after the 56th GST council meeting, executed rate rationalisation in dat…