09-October-2024
Taxation
 
No new anti-profiteering investigations under GST from April 1, 2025
01-Oct-2024

Tax authorities will not accept any new investigation for anti profiteering cases under goods and services tax (GST) from the next financial year (2025-26). The centre on Tuesday notified April 1, 2025 as a cut off date after which no new anti-profiteering investigations will be accepted, giving the business the autonomy to set prices for goods and services without the constraints of anti-profiteering regulations. However, ongoing complaints and investigations will continue until they reach a final conclusion. In another notification, the centre empowered the Principal Bench of the GST Appellate Tribunal to adjudicate ongoing anti-profiteering cases, which were earlier delegated to the Competition Commission of India (CCI) effective October 1, 2024.

News Source:- https://economictimes.indiatimes.com/news/economy/policy/no-new-anti-profiteering-investigations-under-gst-from-april-1-2025/articleshow/113839510.cms