Letters: Moth-eaten GST

Prices of commodities are fixed or determined by competition in the market

Nothing is truer than Shyamal Majumdar’s view in his article, “A needless compliance burden” (March 31), on the anti-profiteering provision in the goods and services tax (GST) law passed now. I agree with him that it is a needless compliance burden. It is, in fact, much worse. It is an absurd, retrograde step that will open the floodgates for queries by the department on a vague concept.
 
This issue has two aspects: One, input credit and two, reduction in price. On the first aspect, input taxes paid are to be credited on the basis of actual invoice. This is