Goods and Services Tax – Started By: – Abhishek Panicker – Dated:- 9-10-2017 Last Replied Date:- 10-10-2017 – 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 this reduction exhibit the prices which were arrived at on the basis of the higher taxation rates.How
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