Anti-profiteering duty: officers must verify GST rate reductions or extra ITC are passed to consumers and report breaches. The circular instructs jurisdictional tax officers to inspect supplies of major goods and services where GST rate reductions or extra input tax credit arise, verify that the benefit is passed to consumers through reduced prices, and report any prima facie profiteering to the State Screening Committee for Anti-Profiteering under the CGST rules.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Anti-profiteering duty: officers must verify GST rate reductions or extra ITC are passed to consumers and report breaches.
The circular instructs jurisdictional tax officers to inspect supplies of major goods and services where GST rate reductions or extra input tax credit arise, verify that the benefit is passed to consumers through reduced prices, and report any prima facie profiteering to the State Screening Committee for Anti-Profiteering under the CGST rules.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
