CBEC chief Vanaja Sarna says the government is closely monitoring daily price variations in over two dozen essential commodities to check at early stage any abnormal movement in rates after the GST rollout. “The consumer affairs ministry is giving us the daily price and the price variations in common commodities. Post the GST rollout, the cabinet secretary had formed teams of over 200 senior bureaucrats to monitor on a daily basis price and supply situation and ensure there are no disruptions. But in case of some commodities, the tax rate has changed post GST, altering the MRP. Sarna said that so far the GST rollout has been relatively smooth.

Source: Mint August 06, 2017 08:26 UTC