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Sunsetting Anti-Profiteering: A Shift from Transition to Stability under GST

When GST was introduced in 2017, Section 171 of the CGST Act brought in anti-profiteering provisions as a temporary safeguard to protect consumers during the transition to this new tax regime. The aim was to ensure that any reduction in GST rates or benefit of input tax credit was passed on to the ultimate consumer by way of a commensurate reduction in prices....................... Read More