CBEC : 'Anti-profiteering Authority' a mechanism to check undue profiteering at common man’s expense

CBEC explains role of National Anti-profiteering Authority in GST, states that same has been constituted for a period of 2 years to protect consumers from arbitrary price increase in the name of GST and ensure that businesses do not pocket all the gains therefrom; Said Authority shall - (i) determine whether any reduction in rate of tax on any supply of goods or services or benefit of ITC has been passed on to recipient by way of commensurate reduction in prices, (ii) identif...