Anti profiteering 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 BENEFIT CONSUMERS
The Government is committed to ensure that the consumers enjoy the benefit of lower prices of goods and services under GST.
Anti-Profiteering 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 consumer’s interest is protected by the National Anti-profiteering Authority which may order:
|Reduction in prices||Return of amount not passed on with interest @ 18% to consumer|
|Imposition of penalty||Cancellation of registration of supplier|
Affected consumers may file an application, in the prescribed format, before the Central Standing Committee on Anti-profiteering if the 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 Confirm prima facie ecidence of profiteering||Central standing committee Confirm prima facie evidence of profiteering|
|Contact details: Central Standing Committee on Anti-profiteering Second Floor, Bhai Vir Singh Sadan, Bhai Vir Singh marg, Gole Market, New Delhi-110001. Tel No:011-23741537, Fax No:011-23741542, Email: firstname.lastname@example.org State Screening Committees on Anti-profiteering Contact details of State Screening Committee on Anti-profiteering are available at URL: goo.gl/eYJXnK
|Director General of Safeguards, CBEC For investigating profiteering|
|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 has been reduced w.e.f.15.11.2017, is available at URL goo.gl/9nSzq5. Accordingly, there would be a corresponding reduction in price/MRP of these goods & services. Consumers may take not of these reductions while making purchases. Consumers and advised to approach State Screening Committees or the Central Standing Committee on Anti-profiteering in case of any grievance(s).
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