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What about profiteering?

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  • 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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