Will adopt ‘light touch’ approach on anti-profiteering, says CBEC Chairman

CBEC Chairman Najib Shah tells CNBC TV18 that Govt. is optimistic of meeting July 1 timeline, though there have been requests from some quarters to push the rollout to September 1; Mr. Shah says that Rules would hopefully be finalized by GST Council on March 31 meeting, and those relating to transition period will clarify concerns with respect to transfer of credit on unsold inventory; CBEC Chief says that Govt. will adopt a ‘light touch’ approach on anti-profiteering, ex...