Will talk to industry bodies if lower rates not passed on: CBIC Chairman

Sanjay Agarwal says CBIC will flag cases with industry bodies if firms fail to pass on GST relief

A day after the Goods and Services Tax (GST) Council took the historic decision to restructure the indirect tax regime, Central Board of Indirect Taxes and Customs (CBIC) Chairman Sanjay Agarwal, in an interview with Monika Yadav and Asit Ranjan Mishra, explains the fineprint. Edited excerpts:

 

Now that GST rates have been significantly rationalised, do you think the GST Council should still meet frequently as mandated?

 

The rates that have been set should not be touched again and again. But the council doesn’t meet only for rate rationalisation. Many a time clarification