A business cannot absorb a GST rate cut into its profit margins by increasing base prices; any tax reduction must be commensurately passed on to consumers.
A business cannot absorb a GST rate cut into its profit margins by increasing base prices; any tax reduction must be commensurately passed on to consumers. Issue Whether a cinema theater operator is legally justified in maintaining the same retail (cum-tax) ticket prices after a GST rate reduction by increasing its base prices, and whether… Read More »