CBIC asks staff to track prices before, after GST cut
The CBIC is monitoring price changes of essential goods after the GST rate cuts on September 22nd. Field officials are collecting data from retailers and e-commerce platforms to ensure that the tax benefits are passed on to consumers.
New Delhi: The Central Board of Indirect Taxes and Customs (CBIC) has asked its field officials across the country to collect information from dealers and retailers on brand-wise prices of goods such as food, toiletries, stationeries, consumer durables and medicines before and after September 22. The exercise is to check whether they are passing on the benefits of the cut in goods and services tax that came into effect Monday (September 22).
