Companies gear up for litigation on GST anti-profiteering clause

Companies challenge NAA's methodology, seek remedy in GST Appellate Tribunal. Complexity arises due to lack of clear methodology for individual calculations. FMCG argues increased costs during GST introduction. Furniture companies cite higher import costs. Auto companies mention minimal cost reduction. Court's order poses challenge for GST Council. Slab merger and rate reduction may lead to similar disputes.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/iYSzxBj

Comments

Popular posts from this blog

Centre’s spend may rise by Rs 2 lakh crore in current fiscal

FPIs infuse Rs 9,000 crore in equities in November; inflow in debt at 6-year high

Sebi to review norms for penalty disclosure