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The goods and services tax rate cuts are still not giving benefits to the larger number of people and taking this point into the mind, the government is set to extend the term of National Anti-profiteering Authority (NAA).
The National Anti-profiteering Authority (NAA) was touted as the watchdog for passing benefits from GST rate reduction or ITC to end consumers.
The Union Cabinet gave its consent for establishing a National Anti-Profiteering Authority under GST regime as it wants to make sure that the benefits of slashed prices under GST regime reach to common men.
The government has started preparing to take new steps against the tax evaders and illegal traders under the GST. While the talks for the formation of GST regulator and monitoring of anti-profiteering committee may end very soon.
The Patna High Court recently annulled decisions made by the Goods and Services Tax (GST) Adjudicating and Appellate Authorities. This action was taken due to the authorities’ oversight in not adequately considering the evidence presented by the appellant to support their claim. Binay Rice Mill, operating under the name Sharda Ram Industries and led by […]
From the initial day of the subsequent financial year- Fiscal Year 2025-26 (FY26) – no new anti-profiteering case shall be registered. The anti-profiteering complaints will be heard by the Principal Bench of the GST Appellate Tribunal (GSTAT) instead of the Competition Commission of India (CCI). GST council suggested to the Central Board of Indirect Taxes […]
The Supreme Court issued notices to the Central government, the GST Council, the Central Board of Indirect Taxes and Customs, and others concerning the constitutional validity of anti-profiteering provisions under the goods and services tax (GST). A bench of Chief Justice D.Y. Chandrachud, with Justices J.B. Pardiwala and Manoj Misra, did not issue the prayer […]
On Monday, the Delhi High Court affirmed the constitutional validity of the anti-profiteering provisions within the Goods and Services Tax (GST). Over 100 companies, including Hindustan Unilever, Patanjali, Jubilant Foodworks, and Phillips, had filed petitions challenging these provisions. The court ruled that these provisions specifically address the necessity for a proportional reduction in prices when […]
In the three months since it assumed responsibilities under the Goods and Services Tax (GST) system, the Competition Commission of India (CCI) has not been able to resolve a single anti-profiteering complaint. An official source claims that the CCI’s work is being hampered by the lack of a quorum because meetings at the organization require […]
