The guidelines could come by December first week, according to the people in the know.Several experts — in the government and tax advisors — have been raising several hypothetical questions around the anti-profiteering clause of the GST. Can a company pass benefits of the recent GST rate reduction on one brand of bodywash to another brand of bodywash? The anti-profiteering methodology prescribed by Malaysia focused on product-wise pre- and post-GST net profits of companies. They add that compliance cost of companies should be taken into account while determining anti-profiteering. The anti-profiteering rule led to litigation and administrative challenges, and India should not borrow from this practice.

Source: Economic Times November 14, 2017 18:56 UTC