Are the reduced GST rates on commodities retrospective
Query (Issue) Started By: – Abhishek Panicker Dated:- 9-10-2017 Last Reply Date:- 10-10-2017 Goods and Services Tax – GST
Got 3 Replies
GST
I would like the experts to kindly inform whether –
The tax rates on commodities which the GST council has been reducing in almost every meeting is applicable retrospectively.
This is because if it is so, then the prices of these goods should see a downward revision which necessarily does not seem to be the reality. And if this is the reality, then the Anti-Profiteering mechanism should come into play. But is the department doing so?
Moreover, even if the reduced rates are not retrospective, then the goods which are packaged prior to
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