Why GST's anti-profiteering law is pinching businesses?
The Delhi High Court on Tuesday admitted a writ petition challenging the constitutional validity of anti-profiteering law under the Goods and Services Tax (GST). Filing the petition, the petitioner argued that in absence of a mechanism to determine the quantum of profiteering, vagueness and arbitrariness come in the anti-profiteering orders. Abhishek Rastogi, partner, Khaitan & Co, who filed t…