please tell me the meaning of cartelization in s.m.
Bharath
(C.A,C.S)
(3983 Points)
Replied 23 August 2011
Cartelization is the process of agreement among competing firms that agree to fix prices, marketing, and production. Cartel members may agree on such matters as price fixing, total industry output,allocation of customers, allocation of territories and the division of profits or combination of these. The aim of such agrrement is to increase individual members profits by reducing competition.
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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