GST's anti-profiteering clause to check monopolies, cartels

The government plans to use the anti-profiteering clause under GST to focus largely on businesses that are prone to formation of price cartels -such as cement and steel -in addition to duopolies and monopolies to crack down on companies that do not pass on the benefit of lower prices to consumers. Sources told TOI that while prices across industries will be under watch, it was not possible for the…