Passing on GST cut: NAPA may not object to higher quantities over lower prices
NEW DELHI: 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-Profiteering Authority (NAPA) will accept higher grammage as effectively passing on the benefit, an official of the authority told ET. The industry had been concerned about NAPA accepting such as a measure.
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Posted from my blog with SteemPress : https://jlk.news/uncategorized/passing-on-gst-cut-napa-may-not-object-to-higher-quantities-over-lower-prices