Companies gear up for litigation on GST anti-profiteering clause

Tuesday, 30 January 2024
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.

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Companies gear up for litigation on GST anti-profiteering clause

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