The Government is
committed to ensure all consumers enjoy the benefit of lower prices of goods
and services under GST.
Under GST, suppliers of
goods and services must pass on any reduction in the rate of tax or the benefit
of input tax credit to consumers by way of commensurate reduction in prices. If
this is not done, the consumer’s interest is protected by the National Anti
profiteering Authority which may order:
(a) reduction in prices;
(b) return of the amount
not passed on with interest @ 18% to the recipient;
(c) imposition of penalty;
and
(d) cancellation of
registration of the supplier.
Affected consumers may
file an application, in the prescribed format, before the Standing Committee on
Anti-profiteering if the profiteering has all-India character OR before the
State Screening Committees if the profiteering is of local nature.
