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GST: Fin Min warns industry against hiking prices arbitrarily

Goods and Services Tax - GST - Dated:- 20-5-2017 - Srinagar, May 19 (PTI) With companies indicating a possible rise in prices on the Goods and Services Tax rollout from July 1, the finance ministry today warned India Inc against raising rates arbitra .....

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to consumers. The machinery for the anti-profiteering authority may not be ready at present but any change in prices will be called into questioned, Revenue Secretary Hasmukh Adhia said, adding that any fluctuations in prices will be closely monitor .....

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ed in the GST law and the tax department may even initiate suo motu action against firms. We expect companies to cooperate. We hope we don't have to use the weapon (of anti-profiteering authority), he said. The GST Act includes the provision of s .....

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