Anti-profiteering under GST: Rules in the works to check unfair pricing before rollout

The government has begun discussions to bring rules pertaining to the anti-profiteering provision under Goods and Services Tax (GST) to ensure that companies benefiting from tax reduction ensure a commensurate lowering of prices for the consumer. The revenue department is likely to finalise the rules pertaining to anti-profiteering closer to the GST rollout date of July 1, a senior government offi…