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India yet to tackle profiteering rules as Malaysia dilutes laws

Malaysia introduced the GST in April 2015

Malaysia relaxes anti-profiteering GST rules

India is still working out how to check profiteering after the goods and services tax (GST) is rolled out, but Malaysia — the inspiration behind the indirect tax regime — is diluting its regulations. Malaysia introduced the GST in April 2015. Since then it has diluted the scope of its regulations. The new anti-profiteering regulations in Malaysia, which came into effect from January this year, apply to fewer goods. Food and beverages, and household goods are still under it while the earlier law covered all. “The rules that Malaysia introduced in 2015 to ...