Two cheers for GST’s anti-profit wing

The anti-profiteering clause of the GST Act is now in the news, with some companies under the lens for allegedly not complying with it. The cases that have come to light have been intriguing. They show an increase in base price to offset the tax reduction. However, companies argue that these increases are not without basis. Compared with some other Sections of the GST law, Section 171 is not a ver…