If you (business) do not pass on the benefits of tax credits, you lose them: Finance minister Arun Jaitley
New Delhi: Finance minister Arun Jaitley on Saturday warned that businesses not passing on the benefits of tax cuts and rebates to consumers will have to brace for withdrawal of tax benefits.
Jaitley reminded businesses of the National Anti-profiteering Authority (NAA), which he described as more than active. “Of course, businesses have to pass on the benefits to consumers. Or we will do what we did in the case of restaurants."