Anti profiteering enforcement: Competition Commission empowered to verify price reductions after input tax credit or rate cuts. Pursuant to the GST Council recommendation and section 171(2) of the CGST Act, the Competition Commission of India is empowered to examine whether input tax credits availed by a registered person or reductions in tax rates have resulted in a commensurate reduction in the price of goods or services supplied, with this empowerment taking effect from 1 December 2022.