Updates In The Run Up To GST Rollout

The GST Council in its meeting on 3 June 2017 has taken the following decisions:

Anti-Profiteering Committee

• Draft Rules are under the consideration of the GST Council through which a National Anti-Profiteering Authority may be notified.
• Authority to have the power to act on receipt of a written application that a registered person has not passed on the reduction in tax rate or Input Tax Credit (ITC) benefit to the recipient.
• An inquiry by the Anti-Profiteering Authority shall be deemed to be judicial in proceedings and its orders shall be appealable to the High Court.
• Any order passed by the Committee has to be immediately complied with by the registered person, failing which the officer shall proceed to recover the amount under the provisions of the CGST Act.