Empowering the Competition Commission of India to handle anti-profiteering cases under CGST Act, 2017 with effect from 01.12.2022. - 23/2022 - Central GST (CGST)

MINISTRY OF FINANCE (Department of Revenue) CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS NOTIFICATION NO. 23/2022 Central Tax New Delhi, the 23rd November, 2022 S.O. 5450(E).- In exercise of the powers conferred by sub-section (2) of section 171 of the Central Goods and Services Tax Act, 2017 (12 of 2017) , the Central Government, on the recommendations of the Goods and Services Tax Council, hereby empowers the Competition Commission of India established under sub-section (1) of section 7 of the Competition Act, 2002 (12 of 2003) , to examine whether input tax credits availed by any registered person or the reduction in the tax rate have actually resulted in a commensurate reduction in the price of the goods or services or both supplied by him. 2. This notification shall come into force with effect from 1st day of December, 2022. [F. No. CBIC-20/2/2022-GST] VIKRAM VIJAY WANERE, Under Secy