Govt seeks monthly data to check prices
New Delhi, Sept. 30 -- The Centre has asked multiple authorities to prepare monthly price reports of 54 commonly used articles to see if manufacturers are passing on the benefits of reduced rates under the Goods and Services Tax (GST) to consumers.
Field officials have to submit the first report by the end of the current month on changes in average prices since the revamped GST rates took effect on September 22, according to a finance ministry document seen by HT. Such reports will have to be submitted every month for the next six months.
The price reports on 54 items will have details of the commodity, brand and maximum retail price. The list of items include toothpaste, shampoo, butter, television sets, glucometers, ketchup, jams, cement and ice-creams.
Nearly 3,000 complaints related to the new regime, which lowered taxes on a raft of goods, have been logged on the national consumer helpline, details of which were are being shared with the Central Board of Indirect Taxes and Customs, a consumer affairs ministry official said. htc...
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