Anti-profiteering under GST

Episode Duration:
70 minutes

Episode Background:

The keenly awaited hearing in front of Delhi High Court with respect to Anti-profiteering provisions has been deferred to 15th February, 2021, after multiple scheduled rounds planned in December, 2020 as well as January, 2021. Across industries, as many as 50 India Inc. have raised a challenge with respect to constitutional legitimacy of the anti-profiteering provisions under GST Act, 2017. The said hearing would surely be momentous since numerous judgments have been passed by the anti-profiteering authorities instructing companies to pass on the benefits to customers including levying raucous penalty.

Some of the burgeoning questions:

• One of the most contentious aspects in this context is whether Section 171 is a perpetual section in law or not?
• If business teams of companies need to bear in mind the implications of Section 171 always in addition to others pricing laws prevalent in India?
• Whilst the third anniversary of GST has already been celebrated, would there be any further extension to the tenure of Anti-Profiteering authorities which was originally being introduced only for two years and further extended by another two years?
• Will there be any further leeway to conclude the assessments under section 171 beyond 31st March, 2021?

Whilst the session would endeavor to answer the above quoted brain storming questions, the webinar would touch upon other various aspects as well, such as:

• Imperatives of bringing section 171 in GST Law;
• Repercussions of non-compliance with the provisions of anti-profiteering;
• Judicial Rigmarole;
• Briefing on steps to comply with the Law including institutionalising the process.

What shall the episode cover?
With this backdrop, Taxsutra presents a unique episode answering all the questions which pops up in one’s mind surrounding the provision of “Anti-profiteering under GST” with TMSL – A Tax Technology Firm & Ethican Advisors. The episode brings together Mr. Jigar Doshi [Founding Partner, TMSL] and Mr. Anish Tripathi [Founder, Ethican Advisors].