The Central Board of Indirect taxes and Customs (CBIC), today amended the provisions relating to anti-profiteering authority under the Central Goods and Services Tax (CGST) Rules to incorporate reference to ‘Directorate General of Anti-profiteering’ instead of ‘Directorate General of Safeguards’.
The amended rules are applicable with effect from 12th June 2018.
As per the amendment, the Directorate General of Anti-profiteering the Board shall be the Secretary to the Authority. Further, the rule stated that in case the standing committee has an opinion that prima facie there is substance in the complaint; it shall refer the case to the Director General of Anti-profiteering.
The “anti-profiteering” measures enshrined in the GST law provide an institutional mechanism to ensure that the full benefits of input tax credits and reduced GST rates on supply of goods or services flow to the consumers. This institutional framework comprises the NAA, a Standing Committee, Screening Committees in every State and the Directorate General of Safeguards in the Central Board of Indirect Taxes & Customs (CBIC).
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