Govt Keeping A Watch On Post-GST Prices, Says CBEC Chairperson

67

New Delhi: The government is closely monitoring daily price variations in over two dozen essential commodities - from wheat to tea - to check at early stage any abnormal movement in rates post GST rollout, CBEC Chairperson Vanaja Sarna said. In an interview, she said, prices have remained by-and-large under check post Goods and Services Tax implementation on July 1 and there has been no big instance of supply disruption. 

The roll out of the biggest tax reform since Independence has been "relatively smooth" with multi-layer monitoring and officers of the tax department have been working overtime to weed out major bottlenecks in the implementation, she said.

She told the PTI that prices of about 25-30 of the most common goods, the food items used in every household - wheat, rice, pulses, sugar, tea - are being monitored by the ministry and it sends the daily reports to the revenue department and Cabinet Secretary office.

Add comment


Security code
Refresh