The GST Anti-Profiteering Authority will ensure that the benefit of GST rate cuts reaches consumers and is not pocketed by businesses and traders. The members of the authority who are selected from the tax administration or from tax tribunals are J.C. Chauhan, Bijay Kumar, C.L. The below-expected revenue in the GST regime is on account of tax cuts, including in the highest bracket of 28% which the GST Council has announced over the last few months. Experts said the task before the authority is to evolve norms to identify instances of “anti-profiteering” for different sectors as defined in GST laws. The authority has a standing committee at the national level and state-level panels which will accept complaints from consumers.

Source: Mint November 28, 2017 23:37 UTC