Question

From December 1, 2022, which authority is designated to manage all complaints pertaining to Profiteering under the Goods and Services Tax (GST) system?

• A. National Anti-Profiteering Authority (NAA)
• B. Central Board of Direct Taxes (CBDT)
• C. Competition Commission of India (CCI)
• D. Reserve Bank of India (RBI)

Answer 1

Answer:

C. Competition Commission of India (CCI)

Competition Commission of India (CCI) 

• Competition Commission of India (CCI) is the body responsible for handling all complaints related to profiteering under the Goods and Services Tax (GST) from December 1, 2022.
• Established under the Competition Act, 2002, the CCI is tasked with promoting fair competition in the Indian market and preventing anti-competitive practices.
• Its jurisdiction now includes addressing complaints related to profiteering under the GST regime.
• If a business is found to have engaged in profiteering by not passing on the benefits of tax reduction or input tax credit to consumers, complaints can be lodged with the CCI.
• The commission investigates such complaints, scrutinizes the pricing practices of the business, and takes necessary action to ensure compliance with the provisions of the GST law.
• It has the power to impose penalties, issue directions to rectify anti-competitive conduct, and undertake any other measures necessary to promote fair competition and protect consumer interests.