The Government is committed to ensure that the consumers enjoy the benefit of lower prices of goods and services under GST.
Anti-profiteering measures to
The Government is committed to ensure that the consumers enjoy the benefit of lower prices of goods and services under GST .
Under GST , suppliers of goods and services must pass on any reduction in the rate of tax or the benefit of Input Tax Credit to consumers by way of commensurate reduction in prices. If this is not done , the consumers interest is protected by the National Anti- profiteering Authority, which may order :
|Reduction in prices||Return of the amount not passed on with interest @ 18% to the recipient|
|Imposition of penalty||Cancellation of registration of the supplier|
Affected consumers may file an application, in the prescribed format, before the Central Standing Committee on Anti-profiteering has all-India character OR before the State Screening Committees if the profiteering is of a local nature
|APPLICATION BY CONSUMER|
State Screening Committees
|Central Standing Committee
Confirm prima facie evidence of profiteering
|Director General of Safeguards, CBEC
For investigating profiteering and reporting
|National Anti-profiteering Authority
For determining profiteering and passing appropriate order to ensure consumers gain from reduction in tax rate or benefit of Input Tax Credit
The list of items, on which GST have been reduced w.e.f. 15.11.2017, is available at URL goo.gl/9nSzqS. Accordingly, there would be a corresponding reduction in price/MRP on these goods, Consumers may take note of these reductions while making purchases. Consumers are advised to approach State Screening Committees or the Central Standing Committee on Anti-profiteering in case of any grievance(s).