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Competition Commission of India empowered to examine anti-profiteering cases under CGST Act, 2017 with effect from 01.12.2022

by gstworld.co.in24th November 202224th November 2022

Govt. on the recommendations of GST Council, has empowered Competition Commission of India (CCI) to examine anti-profiteering cases under CGST Act, 2017 w.e.f. 1st December 2022 vide Notification No. 23/2022 -Central Tax dated 23.11.2022.

CBIC has Notified Competition Commission of India (CCI) to examine whether input tax credits availed by any registered person or the reduction in the tax rate have actually resulted in a commensurate reduction in the price of the goods or services or both supplied by him.

Accordingly, CBIC has notified amendment in Rule 127 and other related rules of CGST Rules vide CGST (Fourth Amendment) Rules, 2022 – Notification No. 24/2022 -Central Tax dated 23.11.2022.

Also, CBIC has omitted Rule 137 dealing with the tenure of NAA.

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