Current Affairs 14/09/2017

  • GST: Govt sets up panel to receive profiteering complaints 207 Published On: 14/09/2017  

    GST: Govt sets up panel to receive profiteering complaints

    - The anti-profiteering mechanism under GST has kicked in with the government allowing consumers to file complaints against any irrational profit made by businesses by not passing on cost reduction benefit to buyers. 

    - Revenue Secretary Hasmukh Adhia said the government has notified the 'standing committee' comprising four officers -- two each from the Centre and states for receiving complaints on profiteering

    - Besides, states are in the process of notifying the state level 'screening committees', which will also include central government nominees.