Consumer Protection Through Anti-Profiteering Act: A Provision Under Gst, 2017

Abstract

On the 1^st of July 2017, GST was introduced in India with aim of removing multiple taxation systems on goods and services. A major aim of implementing GST was to reduce the price of products and services and to pass the benefits to the end consumer. A tax of GST is levied at different stages of production therefore; the supplier has to pass the benefits to the consumer. To stop the illegal profiteering, the provision of Anti-Profiteering was introduced. Consumers are benefited in terms of price reduction by the supplier due to input tax credit. If suppliers do not provide benefits to the consumer, in this case, the consumer's interests are protected by the authority of National Anti-Profiteering. This study tries to examine the impact of provisions related to Anti-Profiteering on consumer welfare. Our study found a positive impact of Anti-Profiteering on Consumer Protection. We have used secondary data for the study.