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The Central Government empowers the Competition Commission of India to examine anti-profiteering cases under the Central Goods and Services Tax Act, 2017. The Competition Commission of India checks whether input tax credits or tax rate reductions result in a commensurate reduction in the price of goods or services supplied by any registered person. This notification applies with effect from the 1st day of December, 2022.
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[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (ii)]
GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS
NOTIFICATION No. 23/2022 – Central Tax
New Delhi, the 23rd November, 2022
S.O……(E).- 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.
[F. No. CBIC-20/2/2022-GST]
(Vikram Vijay Wanere) Under Secretary
