None
EN
Govt warns firms against not passing GST cuts to consumers
['Ibt News Desk']
IBTimes India : Top News
Consumer Affairs Secretary Nidhi Khare on Monday warned companies that they will face strict action if they fail to pass on the benefits of reduced Goods and Services Tax (GST) rates to consumers.
In an interview with NDTV Profit, Khare said that any company not reflecting the revised GST rates in their prices will be treated as indulging in "unfair practice."
"If we feel reduced GST hasn't been passed on, it will be treated as an unfair practice.
The warning comes as the new GST structure came into effect on Monday, reducing taxes on around 370 items, including essential goods and lifesaving medicines.
Toiletries like soaps, shampoos, and hair oil, along with stationery items such as notebooks and pencils, now attract no GST.
['passing'
'govt'
'warns'
'firms'
'cent'
'gst'
'items'
'cuts'
'treated'
'revised'
'tax'
'services'
'goods'
'unfair'
'reduced'
'consumers']