GST law shall have anti- Profiteering Clause, rate capped at 28%

In order to Prevent any sudden hike in the price of Commodities after Implementation of goods and Service tax which is going to be roll out from 1st April 2017 , the centre has proposed an anti profiteering measure in order to make sure that benefits given to tax payers in the form of reduction in tax rates, Input tax credit shall pass to the consumer. An anti- Profiteering authority is likely to be set up for this.

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