CCI will have to devise a methodology to gauge profiteering under GST

Starting this month, the Competition Commission of India is looking into anti-profiteering measures under the Goods and Services Tax. CCI has substituted the National Anti-profiteering Authority (NAA) to regulate unfair profiteering practices of the registered suppliers. NAA had been touted as the watchdog for passage of benefits from GST rate reduction and input tax credits (ITC) to the end-consu…