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Monday 24 June 2019

GST profiteering: Govt to build case with proof

GST officers have one more task — conduct mock purchases to identify businesses that are not passing on benefits of lower taxes to consumers. The government has decided to use the provision of Central Goods and Services Tax Act to collect evidence against suppliers “profiteering” by not transferring the gains of credits for taxes paid on inputs and raw material.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2Y5btB3

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