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TMI BlogAnti Profiteering Mechanism under GSTX X X X Extracts X X X X X X X X Extracts X X X X ..... Anti Profiteering Mechanism under GST - Goods and Services Tax - GST Dated:- 3-7-2019 - News - In terms of section 171 of the Central Goods and Services Tax Act, 2017 , any reduction in the ra ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... te of tax on any supply of goods or services or the benefit of input tax credit has to be passed on to the recipient by way of commensurate reduction in prices. Further, the National Anti-profiteering ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Authority (NAA) has been constituted by the Government to examine the complaints of profiteering against registered persons under GST. The anti- profiteering mechanism and procedures have been provid ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed for under Chapter XV of the Central Goods and Services Tax Rules, 2017. Government has taken action against any business entity under Anti Profiteering Mechanism. As on 20.06.2019, ba ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sed on the Investigation Reports sent by the Directorate General of Anti-profiteering (DGAP), the National Anti-profiteering Authority (NAA) has passed 67 orders out of which 26 cases were confirmed f ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... or profiteering by businesses, with profiteering amounting to ₹ 600.51 crores. This was stated by Smt. Nirmala Sitharaman, Union Minister of Finance Corporate Affairs in a written rep ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ly to a question in Rajya Sabha. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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