GST cuts may not reach buyers if profiteering persists: Analyst
Analyst Sumesh Guleria warned that GST relief may not reach consumers if firms fail to pass on tax savings. Under Section 171 of the CGST Act, profiteering can trigger refunds with 18% interest, penalties, or even GST registration cancellation. While new complaints aren't accepted since April, he sees a chance of reinstatement if violations rise.