Why we need anti-profiteering laws

Anti-profiteering measures have been included in the goods and services tax legislation only to protect consumers from errant businessmen making undue profits at their expense

Introduction of the good and services tax (GST) was a long-awaited and path-breaking tax reform. The Constitution of India restricts legislatures at the Centre and states from encroaching into the domains reserved for each other. This necessitated a constitutional amendment to permit central and state governments to concurrently levy a common tax called GST on the taxable event called “supply” of goods or services. GST thus integrates various indirect taxes into a unified tax levied at every stage of economic activity with credit of tax paid on the input side (input tax credit or ITC) for set-off against tax payable