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Economy

Companies may pay higher penalties for failing to pass GST rate cut benefits, says report

Updated : August 31, 2018 10:30 AM IST

Officials from various ministries including finance and law held a meeting earlier this week to discuss the proposal.
At present, the penalty for such an act is Rs 10,000 or the amount of tax evaded, whichever is higher.
Companies may pay higher penalties for failing to pass GST rate cut benefits, says report
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