Government May Revive Anti-Profiteering Mechanism Ahead of GST Rate Cuts

The government may revive the "anti-profiteering mechanism" ahead of the GST rate cuts. The move is aimed at ensuring that businesses pass on the benefits of GST rate cuts to consumers and do not hoard the profits. The anti-profiteering mechanism, which was set up to ensure that the benefits of GST rate cuts are passed on to consumers, was recently dormant. However, with the government considering a new round of rate cuts, the mechanism may be revived to ensure that consumers are not short-changed. This is a crucial step towards protecting consumer interests and ensuring that the benefits of GST are not lost to the end-user.