What about profiteering?
When we last raised GST in July 2007, most businesses did not raise prices beyond the GST increase.
Committee Against GST Profiteering (CAP) was formed to look into complaints of profiteering.
Similarly, when GST is raised to 9%, we expect business not to exploit this to raise prices.
We will convene the Committee this time too, to make sure this does not happen.
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