Login With Google
Delhi HC gives relief for companies in anti-profiteering probe
Why is it in the news?
- The Delhi High Court has provided relief to Reckitt Benckiser India Private Limited by ordering an interim stay on the notice issued by the Director General of AntiProfiteering (DGAP).
More in the news
- The National Anti-profiteering Authority (NAA) ordered an enquiry of profiteering against the said product.
- However, the company moved to Delhi High Court after the DGAP issued a notice seeking information on all its products (nearly 3,500 in number).
- As per the High court order, a company is required to give information to the Director-General of Anti-profiteering (DGAP) only about the ‘complained product’ and not about every product it produces.
- A complained product refers to a product against which complaint of not passing reduction in GST rate or benefit of Input Tax Credit (ITC) is alleged.
- The complaint can be made by any consumer or even a tax officer can suo motu files a complaint.
- Anti-Profiteering Authority:(1) The National Anti-Profiteering Authority (NAA) is an institutional mechanism under the GST law to check the unfair profit-making activities by the trading community.(2) The relevance of the National Anti-Profiteering Authority (NAA) is simply out of the launch of the GST.(3) The Authority’s core function is to ensure that the benefits of the reduction in GST rates on goods or services made by the GST Council is passed on to the ultimate consumers by way of a reduction in prices by traders.
Source
The Hindu.