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GST: Companies are most likely to fatten their profits than pass on benefit on lower tax to consumers

GST: Companies are most likely to fatten their profits than pass on benefit on lower tax to consumers

Wed, May 24, 2017

Goods and Service Tax which has brought majority of items in the 18% tax slab may not bring down prices of goods. Even though availability of input credits, reduction of logistics cost and streamlining of businesses would theoretically bring down prices, Zeebiz speaks to companies and industry expert to check the reality.  

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