Team Goemkarponn
PANAJI: The Goa government has notified April 1, 2025, as the sunset date for the anti-profiteering clause in the GST law.
Also, from October 1 all pending complaints under the anti-profiteering provisions will be handled by the Principal bench of the GST Appellate Tribunal (GSTAT), instead of the Competition Commission of India (CCI), the GST policy wing of the government said in another notification.
The Finance department released a notification regarding this. The notification read, “The Government of Goa, on the recommendations of the Goods and Services Tax Council, hereby appoints the first day of April, 2025 as the date from which the authority shall not accept any request for examination as to 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;”
In other words, companies would be free to set their own prices for goods and services without having to consider the GST anti-profiteering rules, which provide lower taxes in exchange for advantages.
