With the Lok Sabha signing off on the last set of Bills on the goods and services tax (GST) on Wednesday, the government is all set to roll out the biggest tax reform since Independence. The discussions in the Rajya Sabha are anyway nothing but a mere formality as is the case with all money Bills.
Industry is of course waiting with bated breath for the GST Council’s decision on product-specific tariffs, but the area where its fate has already been sealed is the one regarding anti-profiteering. Even though the penal provisions regarding anti-profiteering are far too vague and could
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