Businesses Must Reduce Prices After GST Cut to Benefit Consumers, Says Section 171 of CGST Act 2017.

Businesses Must Reduce Prices After GST Cut to Benefit Consumers, Says Section 171 of CGST Act 2017. https://www.taxtmi.com/highlights?id=46375 Profiteering - the argument that that the price of the product was not increased at the time of introduction of GST when the rate of tax was increased to 28% and hence the question of reducing the prices when the rate of tax was decreased from 28% to 18% does not arise is legally not sustainable in view of the provision of section 171 of CGST Act, 2017 en-us Wed, 08 May 2019 07:25:28 +0530 Wed, 08 May 2019 07:25:28 +0530 TaxTMI RSS Generator Businesses Must Reduce Prices After GST Cut to Benefit Consumers, Says Section 171 of CGST Act 2017. https://www.taxtmi.com/highlights?id=46375 Profiteering - the argument that that the price of the product was not increased at the time of introduction of GST when the rate of tax was increased to 28% and hence the question of reducing the prices when the rate of tax was decreased from 28% to 18% does not arise is legally not sustainable in view of the provision of section 171 of CGST Act, 2017 Highlights GST Wed, 08 May 2019 07:25:28 +0530 https://www.taxtmi.com/highlights?id=46375