Anti-profiteering is an important provision under the GST law which requires a registered tax payer to pass on the benefit to it’s customer which has resulted due to reduction in tax rate or benefit of input tax credit.
Government has been very vocal while directing all the industries where benefit has accrued after the introduction of GST, to pass on such benefits to their customers.
So far, except few FMCG companies, the benefit has really not reached to the consumers.
To know more about the mechanism of anti-profiteering provisions under the GST law and it’s current position, please click here.
Hope you will find this video useful.
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Happy GST Journey!