CBIC vide Notification No. 23/2022 dated 23/11/2022 has empowered Competition Commission of India (CCI) to handle anti-profiteering cases under CGST Act, 2017 with effect from 01.12.2022.
Currently, all such cases are investigated by the Directorate General of Anti-profiteering (DGAP), which then submits its report to National Anti Profiteering Authority (NAA), which gives its final verdict on such cases.
National Anti Profiteering Authority (NAA) was setup under Section 171 of the Central Goods and Services Tax Act, 2017 to ensure that any reduction in rate of tax or the benefit of input tax credit is passed on to the recipient by way of commensurate reduction in prices.
Starting from 1st December, Competition Commission of India (CCI) established under Competition Act, 2002, will examine whether input tax credits availed by any registered person or the reduction in the tax rate have actually resulted in a commensurate reduction in the price of the goods or services or both supplied by him.
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