Anti-Profiteering Authority

CBIC issued Notification No. 23/2022 dt. 23rd Nov,2022 appointing Competition Commission of India (CCI) u/s 171 of the CGST Act 2017 which deals with "Antiprofiteering measure" to examine whether input tax credits availed by any registered person or the reduction in the tax rate have actually resulted in a commensurate reduction in the price of the goods or services or both supplied by him.

Notification No. 23/2022 Dated 23rd November, 2022

In exercise of the powers conferred by sub-section(2) of section 171 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on the recommendations of the Goods and Services Tax Council, hereby empowers the Competition Commission of India established under sub-section (1) of section 7 of the Competition Act, 2002(12 of 2003), to examine whether input tax credits availed by any registered person or the reduction in the tax rate have actually resulted in a commensurate reduction in the price of the goods or services or both supplied by him.

2.This notification shall come into force with effect from 1stday of December, 2022.