- The Supreme Court issued a notice to the Centre on anti-profiteering provisions in the CGST Act
- The purpose of anti-profiteering norms is to ensure benefits of tax reduction reach consumers
- NAA was set up to implement anti-profiteering measures but was dissolved in 2022
- Delhi High Court upheld relevant sections of CGST Act and rules related to anti-profiteering
- Companies challenged the constitutional validity of anti-profiteering provisions
- Experts and industry professionals express concerns about the impact of anti-profiteering measures on businesses and product prices
Source: a2ztaxcorp.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "India"
- FM Sitharaman Confirms GST Rate Cut Implementation on September 22, 2025
- Government Reduces GST Across Sectors, Prices to Drop from September 22, Boosting Consumer Demand
- GST Council Proposes Major Tax Reforms: Simplified Rates, Exemptions, and Reductions
- India’s GST Council Recommends Tax Exemptions, Simplified Structure, and Rate Reductions Effective September 22
- Nirmala Sitharaman Explains GST Reforms Using Popcorn Example to Highlight Classification Challenges
