Time to flesh out anti-profiteering clause
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Guidelines are needed to explain how, under GST, costs are reduced for the taxpayers
With each passing day India is marching towards Goods and Services Tax (GST), which is slated for introduction from July 1, 2017. Whilst taxpayers await clarity on multiple provisions and rules, the ‘anti-profiteering’ provision has been at the forefront of taxpayer worries.The anti-profiteering provision seeks to ensure that the benefits arising during the transition phase from current tax regime...
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