GST regime: Anti-profiteering body likely to be under CBEC framework

The body structure will be taken up for discussion at the GST Council meeting on June 3

The proposed anti-profiteering body under the goods and services tax (GST) regime is likely to be set up under the framework of a restructured Central Board of Excise and Customs (CBEC). And, have both state and central officials.

The Centre’s proposal on the structure is to be taken for discussion in the GST Council meeting on June 3. The meet, to be chaired by Finance Minister Arun Jaitley, will also discuss the proposed rates for nine residual commodities — handicrafts, precious stones, precious metals, textiles, footwear, agricultural implements and biscuits.  It is also expected to take up the demand of