Budget Reactions | Sudipta Bhattacharjee, Partner, Khaitan & Co. Comments On GST Aspect

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.”