NEW DELHI, Aug 5:

The Goods and Services Tax (GST) Council meeting is underway in New Delhi to review the implementation of GST which was rolled out from 1st of July, this year. 

The GST Council at its meeting will finalise a mechanism to operationalise anti-profiteering clause which seeks to protect consumers interest.

Earlier this week, Finance Minister Arun Jaitley had said, it is mandatory for manufacturers to pass on benefits of reduction in taxes post- GST to consumers. He had said, the anti-profiteering law simply states that the businesses have to pass on the benefits arising out of lower taxes to the consumers. 

The GST Council is also likely to lower tax rate on job works making fabric to garments to 5 per cent and put in place a mechanism for online registration of goods above a certain value before they can be transported.

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Kenter Joya Riba

(Managing Editor)
      She is a graduate in Science with post graduation in Sociology from University of Pune. She has been in the media industry for nearly a decade. Before turning to print business, she has been associated with radio and television.
Email: kenterjoyaz@easternsentinel.in / editoreasternsentinel@gmail.com
Phone: 0360-2212313

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