The Central Board of Indirect Taxes and Customs ( CBIC ) has issued a notification empowering the Principal Bench of the Goods and Services Tax Appellate Tribunal ( GSTAT ) to hear cases related to anti-profiteering under the Central Goods and Services Tax Act, 2017. The notification became effective on October 1, 2024
This notification authorises the Principal Bench to assess whether registered persons have appropriately reduced the prices of goods or services in line with the input tax credits availed or tax rate reductions.
Complete Supreme Court Judgment on GST from 2017 to 2024 with Free E-Book Access, Click here
Furthermore, the CBIC has announced that no new anti-profiteering cases will be accepted from April 1, 2025, onwards. This move introduces a sunset clause for anti-profiteering measures, transitioning the responsibility of handling such cases to the GSTAT.
These developments align with the recommendations of the 53rd GST Council Meeting held in June 2024, which proposed amendments to the CGST Act, 2017, to incorporate a sunset clause for anti-profiteering and to assign the handling of such cases to the Principal Bench of the GSTAT.
Complete Supreme Court Judgment on GST from 2017 to 2024 with Free E-Book Access, Click here
In summary, the CBIC has:
1. Empowered the Principal Bench of the GSTAT to hear anti-profiteering cases effective from October 1, 2024.
2. Announced that no new anti-profiteering cases will be accepted from April 1, 2025, introducing a sunset clause for such measures.
The back and forth between CCI, NAA and GST Tribunal hopefully settles down for Anti-Profiteering matters now, giving a more consistent process for taxpayers and professionals in such cases.
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