News
Passing on GST cut: NAPA may not object to higher quantities over lower prices
- Date:
- August 16, 2018
- Source:
- Economic Times
Would you prefer lower prices after a reduction in goods and services tax ( GST ) or a higher quantity for the same rate instead? The anti-profiteering watchdog does not seem to mind as long as the benefit of the tax cut is passed on. Fast-moving consumer goods (FMCG) companies that raised the quantity of their packaged products instead of reducing prices can breathe easy as the National Anti-Prof…