Petitioners argue against validity of anti-profiteering provisions at HC

They say the provision of interest is there in the rules under the Central GST Act, but it absent in the legislation itself

Petitioners in Delhi High Court on Thursday argued against the issue of imposing interest on companies for delayed payment of profiteered amounts calculated by the national anti-profiteering authority (NAA) under the goods and services tax (GST) regime.

In a case relating to constitutional validity of anti-profiteering provisions, petitioners said the provision of interest is there in the rules under the Central GST Act, but it is not there in the legislation itself.

Since interest is not provided for in the statute, it cannot be imposed, they argued.

"...The moot point is whether interest is applicable in the absence of statutory