 "GST, retail, anti-profiteering norms")
Companies on Monday told the Delhi High Court that the National Anti-profiteering Authority (NAA) was not following due process of law and was even launching investigation against them when there was no cut in the goods and services tax (GST) rates or any increase in the input tax credit.
Arguments were also put forward challenging the constitutional validity of setting up the NAA without any methodology prescribed for profiteering. The court has posted the matter to March 4.
Earlier, the court had clubbed petitions of over 50 companies including HUL, Abbott, Johnson & Johnson, Philips, Acme Developers, Samsonite, Jubilant Foods, Nestlé, Whirlpool, Samsung, Subway, Reckitt Benckiser and Patanjali, against NAA, Abhishek Rastogi, counsel for several petitioners said.
Arguments were also put forward challenging the constitutional validity of setting up the NAA without any methodology prescribed for profiteering. The court has posted the matter to March 4.
Earlier, the court had clubbed petitions of over 50 companies including HUL, Abbott, Johnson & Johnson, Philips, Acme Developers, Samsonite, Jubilant Foods, Nestlé, Whirlpool, Samsung, Subway, Reckitt Benckiser and Patanjali, against NAA, Abhishek Rastogi, counsel for several petitioners said.
