Anti-Profiteering In Goods and Service Tax In Context to India

Abstract

Profit is fine, profiteering is not. So, don’t let someone profiteer at your own expense.The GST law contains a unique provision on anti-profiteering measure as a deterrent for trade and industry to enjoy unjust enrichment in terms of profit arising out of implementation of Goods and Services Tax in India. That is the anti-profiteering measure would obligate businesses to pass on the cost benefit arising out of GST implementation to their customers