GST Council meet: Annual return filing dates extended
The GST Council also extended the tenure of the anti-profiteering authority by two years and approved imposing a penalty of up to 10 per cent on entities not passing on benefits of GST rate cuts to consumers.
The Council extended the tenure of National Anti-Profiteering Authority by two more years to ensure companies pass on the benefits of lower GST rates to consumers. Representational Image, source: Reuters