The Brass Tacks of Anti-profiteering Provisions in GST

The Study Report titled 'Implementation of Value Added Tax (VAT) in India-Lessons for transition to GST' released by the Comptroller & Auditor General (C&AG) of India in Jun 2010 mentioned several cases of profiteering by dealers by not passing on the benefit of price reduction to the consumers in the wake of implementation of VAT in the country. The above C&AG report after checking th…