https://www.taxtmi.com/news?id=19051 Creation of a national anti profiteering authority under GST with a Secretary level Chair and technical members, supported by a Standing Committee, State Screening Committees and a safeguards investigation unit. Consumers may file complaints with Screening Committees or the Standing Committee for all India matters; prima facie findings lead to investigations by the safeguards unit and reporting to the authority. If anti profiteering measures are warranted, the authority can order price reductions or return of undue benefits with interest, require deposits to the Consumer Welfare Fund where restitution is infeasible, and impose penalties including cancellation of GST registration. en-us Thu, 16 Nov 2017 17:39:51 +0530 Thu, 16 Nov 2017 17:39:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=19051 Creation of a national anti profiteering authority under GST with a Secretary level Chair and technical members, supported by a Standing Committee, State Screening Committees and a safeguards investigation unit. Consumers may file complaints with Screening Committees or the Standing Committee for all India matters; prima facie findings lead to investigations by the safeguards unit and reporting to the authority. If anti profiteering measures are warranted, the authority can order price reductions or return of undue benefits with interest, require deposits to the Consumer Welfare Fund where restitution is infeasible, and impose penalties including cancellation of GST registration. News - Thu, 16 Nov 2017 17:39:51 +0530 https://www.taxtmi.com/news?id=19051