Quick Summary
From April 1, 2025, the anti-profiteering mechanism under the Goods and Services Tax (GST) regime will cease to operate, marking a significant change for businesses and consumers. The Central Board of Indirect Taxes and Customs (CBIC), based on the GST Council's recommendations, has notified that no new cases of anti-profiteering will be registered from the next fiscal year (FY 2025-26). This brings an end to a key compliance requirement in place since the inception of GST, which was designed to
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FAQ :
New GST anti-profiteering cases will stop being registered from April 1, 2025 (the start of Fiscal Year 2025-26).
The Principal Bench of the GST Appellate Tribunal (GSTAT) will take over the adjudication of ongoing anti-profiteering cases starting October 1, 2024.
The mechanism is ending to simplify GST compliance and allow businesses more pricing flexibility. Existing cases will be handled by the specialised GST Appellate Tribunal.
The mechanism was designed to ensure that benefits from input tax credits or reductions in tax rates were passed on to consumers through lower prices.
Yes, from FY 2025-26, businesses are expected to have more autonomy in setting prices without the oversight of anti-profiteering regulations.
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