 "When anti-profiteering authority bares fangs: Here're lessons from 8 orders")
Anti-profiteering provisions under GST emanate from Section 171 of the Central Goods and Services Tax (CGST) Act, which mandates that (i) benefit on account of reduction in effective rate of tax; and (ii) benefit of increased availability of input tax credit, “shall be passed on to the recipient by way of commensurate reduction in prices”.
Around eight final orders have been released by the National Anti-Profiteering Authority (NAA) in the past few months. In about half of these cases, the NAA has found that the assessee in question had indulged in ‘profiteering’.
In that backdrop, Sudipta Bhattacharjee, partner, Advaita Legal, addresses a
