Budget Reactions | Sudipta Bhattacharjee, Partner, Khaitan & Co. Comments On GST Aspect
"Companies, especially in the B-to-C space, need to be cautious and mitigate their exposure by learning from past anti-profiteering litigations," said Sudipta
The Union Finance Minister Nirmala Sitharaman introduced the Budget 2024 in the Parliament today.
Sudipta Bhattacharjee, Partner, Khaitan & Co. says, “A large-scale rate rationalisation exercise in GST may trigger a new wave of anti-profiteering complaints, assuming the reduced GST rates take effect before the sunset date of 01.04.2025 as recommended by the GST Council in its last meeting. Companies, especially in the B-to-C space, need to be cautious and mitigate their exposure by learning from past anti-profiteering litigations.”
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