Photo: Pradeep Gaur/MintOrders issued against 9 businesses for not passing Rs 560-cr GST rate cut benefitsNew Delhi: The GST anti-profiteering authority has issued orders against 9 businesses which were found to have not passed on rate cut benefits to the tune of Rs 559.88 crore to consumers, Parliament was informed Friday. “Government has taken cognizance of cases for not giving full benefits of the GST to the people by some companies. To investigate such matters, the government has set up National Anti Profiteering Authority (NAA),” Shukla said. “Nine orders where profiteering confirmed amounting to Rs 559.88 crore (approx)” were passed by the NAA, he added. As of december 27, 2018, 1.17 crore taxpayers are registered under the GST, which include 60.73 lakh existing (excise, service tax) taxpayers and 56.74 lakh newly registered.

Source: Mint January 04, 2019 12:11 UTC