GST: Council to decide on anti-profiteering mechanism at Saturday meet

FM Jaitley said it would be mandatory for manufacturers to pass on benefits to consumers

The much-awaited mechanism for anti-profiteering will be decided upon by the GST Council on Saturday, Finance Minister Arun Jaitley told the Lok Sabha on Tuesday. He also expressed the hope that other sectors would follow suit of the auto sector to cut prices due to the effective lower rates under the goods and services tax (GST).

Referring to concerns raised by members with regard to impact of GST on prices, Jaitley said it would be mandatory for manufacturers to pass on the benefits of reduction in taxes to consumers.

He hoped that the decision of price cut by automobile sector