1. What is the Anti-Profiteering Law under GST? The anti-profiteering mechanism under the Goods and Services Tax (GST) was introduced to ensure that businesses pass on the benefits of: Reduction in GST rates , and Input Tax Credit (ITC)  availability to consumers through  commensurate price reductions . In simple terms: ➡ If your tax cost goes down under GST, your selling price should also go down . 2. Legal Framework The anti-profiteering provisions are contained in: Sectio

Introduction Input Tax Credit (ITC) is a fundamental feature of the Goods and Services Tax (GST) regime. It enables registered taxpayers to reduce their output tax liability by claiming credit of GST paid on inputs, capital goods, and input services used during business. However, to curb tax evasion and fraudulent practices, the GST law empowers tax authorities to restrict the use of ITC in certain cases. One such provision is Rule 86A of the CGST Rules, 2017 , which