https://www.taxtmi.com/news?id=17951 Tax rates under the Goods and Services Tax will be fixed by aggregating current central and state tax incidence and placing supplies in the nearest rate bracket, with final tariffs determined by the GST Council. The regime requires suppliers to pass any reduction in tax incidence to consumers, and Parliament has incorporated an anti-profiteering provision to prevent unfair enrichment and ensure benefits of lower taxation are transmitted. en-us Fri, 28 Apr 2017 12:43:05 +0530 Fri, 28 Apr 2017 12:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=17951 Tax rates under the Goods and Services Tax will be fixed by aggregating current central and state tax incidence and placing supplies in the nearest rate bracket, with final tariffs determined by the GST Council. The regime requires suppliers to pass any reduction in tax incidence to consumers, and Parliament has incorporated an anti-profiteering provision to prevent unfair enrichment and ensure benefits of lower taxation are transmitted. News - Fri, 28 Apr 2017 12:43:05 +0530 https://www.taxtmi.com/news?id=17951