Govt probing 53 cases of profiteering in GST regime

The Directorate General of Safeguards, which probes complaints of profiteering by businesses under the goods and services tax (GST) regime, has initiated investigation in 53 cases, the finance ministry said.

In a written reply, minister of state for finance Shiv Pratap Shukla informed Rajya Sabha that out of 354 petitions received, a standing committee attached to the National Anti-profiteering Authority (NAA) has forwarded 65 to the Directorate General of Safeguards for investigation.

The NAA’s task is to ensure that businesses do not pocket the benefit of tax cuts meant for consumers.