Finance minister Arun Jaitley chairing the 20th meeting of the GST Council in New Delhi on Saturday. Jaitley told reporters after the meeting that the anti-profiteering provision in the GST law was discussed at length by the council members. “There are industries which have not passed on the benefit of higher input tax credit in the GST regime to consumers. State tax administrations have already dismantled their border check posts. The tax rate on some tractor parts are reduced from 28% to 18%.

Source: Mint August 05, 2017 16:07 UTC