Why gaps in anti-profiteering law is a question mark on mechanism, unfair for SMEs

GST and Taxation for MSMEs: Taking cues from global encounters post-implementation of VAT/GST, the Indian Government was anxious about the possible inflationary tenors of GST. Inflation retorted sharply in most countries following the implementation of a new tax regime. The GST Council thought it prudent to include enabling provisions on anti-profiteering and incorporated the seeds of anti-profite…