Businesses Must Reduce Prices After GST Cut to Benefit Consumers, Says Section 171 of CGST Act 2017.

Profiteering - the argument that that the price of the product was not increased at the time of introduction of GST when the rate of tax was increased to 28% and hence the question of reducing the prices when the rate of tax was decreased from 28% to 18% does not arise is legally not sustainable in view of the provision of section 171 of CGST Act, 2017 .....

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