CBIC empowers Competition Commission of India to decide Anti-Profiteering Issues under GST w.e.f. 01-12-2022

Notification No. 23/2022-Central Tax and Notification No. 24/2022-Central Tax both dated 23-11-2022

CBIC vide Notification No. 23/2022-Central Tax dated 23-11-2022, has empowered Competition Commission of India established under section 7(1) of the Competition Act, 2002, 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.

Further, vide Notification No. 24/2022-Central Tax dated 23-11-2022, certain omission and changes have been made in CGST Rules, 2017 which earlier provided the provisions relating to Constitution of Authority, Appointment, salary, allowances and other terms and conditions of service of the Chairman and Members of the Authority etc.