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FinMin extends time for anti-profiteering probes under GST till March 31
December 15, 2020
Experts feel extension will help the companies alleged for profiteering to present their case The Finance Ministry has extended deadline for profiteering investigators under Goods & Services Tax (GST) to complete the process by March 31.
The deadline earlier was November 30. Experts say the extension will help companies alleged to have profiteered to present their case. MS Mani, Senior Director with Deloitte India, said that businesses would have appreciated a standard methodology for the data required for anti-profiteering investigations.
“The absence of the same has made it very difficult for businesses. Hence, they need to be given extended timelines for providing any information,” he said.