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A bad time to up profit margins


THE Government hasn’t finished changing the law to pave the way for the introduction of the goods and services tax (GST). The GST Act itself was gazetted on June 19, while several regulations and orders stemming from the act came out on June 30 and July 1.

The latest GST-related adjustments involved the Price Control and Anti-Profiteering Act 2011 (PCAPA). These amendments were published on July 24 and at least a couple of the new provisions may raise eyebrows, if not spark a lively debate.

   

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