Business
The proposed anti-profiteering authority under the new GST regime will take up for scrutiny only those cases that have mass impact and those where undue profit of more than Rs 1 crore has been earned, a senior government official said.
Updated : Jul 23, 2017, 10:58 AM IST
The proposed anti-profiteering authority under the new GST regime will take up for scrutiny only those cases that have mass impact and those where undue profit of more than Rs 1 crore has been earned, a senior government official said.
A five member National Anti-Profiteering Authority, headed by a secretary-level officer, will be set up soon to keep a tab on businesses that have not passed on to consumers the benefit of lower tax rates under the Goods and Services Tax (GST) regime.
"It will take two-three months time to gauge whether the benefits of GST are being passed on to consumers. By then, the authority would be put in place," the official told
(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)