Read about Anti-Profiteering measures
Why Anti-Profiteering Measures?
17th July 2000 was the day when the seeds were sown for the newly established indirect taxation reform i.e. GST (Goods and Services Tax) and finally after 17 years the dream of unifying indirect taxes across the country has become the reality. Many businesses found the first draft of Model GST Law as the golden opportunity to restructure their business as in the said proposed legislation no mechanism for price control was introduced and it was assumed that corporate houses would be benefited by the reduced prices of inputs as their overall production cost would be slashing down and the differential amount will add up to their profits. But this soon turned out to be a myth when the revised draft was released and a new entry got inserted in the law named as “Anti-Profiteering Measures”.
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