GST anti-profiteering: An unending dilemma for taxpayers

Businesses still await the formulation of standard guidelines for compliance with anti-profiteering provisions under the GST regime. Even after 25 orders have been passed by the National Anti-Profiteering Authority (NAA) there continues to be inconsistency in its approach in dealing with the cases of alleged profiteering from GST rate cuts. Treatment of commercial discounts Recently, a distributor…