Tag: Impacts of GST

GST: Firms Face Ban for Not Sending Out GST Benefits to Consumers.

The Government has endangered to cancel the registration of entities that do not pass on gains from GST to consumers. The cancellation of registration is in addition to the Power to levy penalty that was suggested under the Law. The Government has repeatedly threatened to invoke Anti-Profiteering provisions to ensure that gains of GST by … Continue reading “GST: Firms Face Ban for Not Sending Out GST Benefits to Consumers.”

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