Eye Share: Anti-Profiteering Under GST - A Misplaced Measure

Anti-Profiteering Clause contained u/s 171 of CGST Act mandates passing of the benefit of reduction in rate of tax or ITC by reduction in prices for all supplies of goods and services. It is pertinent to mention that the National Anti -Profiteering Authority (NAA) has been passing orders holding business responsible for profiteering as the prices were not reduced.Advocates Sparsh Bhargava and Yashwant Singh discuss recent NAA order which upheld profiteerin...