Closure soon in nearly 100 profiteering cases
NEW DELHI : The Competition Commission of India (CCI) will issue final orders on nearly 100 cases of profiteering related to Goods and Services Tax (GST) in the coming six months, a person aware of the matter said, bringing closure to several companies facing charges for years. The Directorate General of Anti-Profiteering (DGAP), part of the tax department, has already completed its investigations, and the CCI is currently adjudicating them, the person cited above said on the condition of anonymity. The commission is expected to rule on more than a dozen cases of profiteering every month.
“In some cases, the commission may even suggest covering certain extra aspects in the investigation. All cases are likely to be cleared over the next six to seven months," the person said. Anti-profiteering provisions in GST law aim to prevent companies from not passing on tax cuts to consumers.
The National Anti-profiteering Authority (NAA) was set up to decide on these cases; later, the authority was wound up, and its duties handed over to CCI. The pending cases primarily involve property developers, construction firms, pharmaceutical firms and service providers, including cinemas, the person cited above said. Many of these cases have remained pending for long since CCI could not rule on them in the absence of quorum.
Since a new chairperson took over in May, CCI has decided on nearly 18 GST-related profiteering cases, said a second person, who also spoke on the condition of anonymity. In cases where where property developers have gone into bankruptcy resolution, CCI has asked DGAP to examine the implications of profiteering-related liabilities. Even though NAA has been wound up, authorities will still accept fresh complaints for
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