GST 2.0: Amid concern of ‘profiteering’, FinMin to compile price data of common use items

AMID CONCERNS the industry may not fully transmit the benefits of the GST rate cuts to end-consumers, the Revenue Department under the Union Ministry of Finance has asked its officers in the field to compile monthly data reports on price change of commodities pre- and post-GST rate rationalisation. The new rates will be effective September 22. In…

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