Anti-Profiteering Application Form Released For Consumers

It has been a key challenge for policymakers that the business enterprises have not been passing on the benefit of reduced tax burden. In furtherance of the objective to ensure that consumers enjoy the benefit of lower prices of goods and services under GST, the Government has now released the Anti-Profiteering Application Form (APAF - 1) which can be used by a consumer of goods or services to file a complaint before the anti-profiteering committee against businesses for not passing on benefits of lower taxes in the goods and services tax (GST).

The suppliers of goods and services are under obligation to 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 and if they fail to do the same, the interest of the consumer shall be protected by the National Anti-Profiteering Authority which has the authority to order: