GST Rollout – Clarification On Anti-Profiteering Provision And Others

With the date for the implementation of the Goods and Services Tax (GST) less than 100 hours away, the government is making considerable efforts to address concerns of the taxpayers to ensure a smooth transition to the GST regime.

Town hall to address queries

The Revenue Secretary Hasmukh Adhia attended a town hall meeting in which he answered stakeholder queries and clarified the government's position on many important issues.

• Key takeaways on anti-profiteering from the town hall are as follows:
  • Allaying fears of the industry about the anti-profiteering rules, Adhia said that the mechanism will be used as last resort. He further stated that the GST Council will first exercise the option of "talking with the industry" against which a complaint is received.