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of <h1>Karnataka Tax Officers to Monitor GST Rate Cuts and ITC to Prevent Profiteering u/r 128 of CGST Rules 2017.</h1> The Commissioner of Commercial Taxes in Karnataka has issued a circular instructing jurisdictional officers to monitor GST rate reductions and input tax credit (ITC) availability to prevent profiteering. Officers are directed to inspect major commodities or services where GST rates have decreased or additional ITC is available. They must ensure that benefits are passed on to consumers through price reductions. Any detected profiteering cases should be reported to the State Screening Committee of the Anti-Profiteering Authority under Rule 128 of the CGST Rules 2017. These instructions are to be followed diligently by the enforcement officers.
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