GST 'anti-profiteering' clause is fine, says HC; many companies to be hit
Monday, 29 January 2024
Delhi high court has upheld the constitutional validity of the anti-profiteering clause in the GST law, which mandates companies to pass on the benefit of lower taxes and input tax credit to consumers.The move will come as a blow to several companies as the National Anti-Profiteering Authority's (NAA) order could not be implemented all these years. The court has also held that the agency's rules are valid.
Delhi high court has upheld the constitutional validity of the anti-profiteering clause in the GST law, which mandates companies to pass on the benefit of lower taxes and input tax credit to consumers.The move will come as a blow to several companies as the National Anti-Profiteering Authority's (NAA) order could not be implemented all these years. The court has also held that the agency's rules are valid.
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