Are anti-profiteering provisions legal?

Rashmi Deshpande & Anjali KrishnanThe anti-profiteering provisions are the most talked about and debated provisions of the one-year-old Goods and Services Tax (GST) regime. With the roll-out of the GST regime, Parliament, as a populist measure, introduced the concept of anti-profiteering in the law.This provision, simply put, meant that if a business enjoys increased tax credits and reduced rates of taxes, the benefit should be transferred to consumers through a reduction in prices. The idea was to curb any inflation triggered by a change in the indirect taxation system, keeping the interest of the ultimate consumer in …
Source: Business Standard