PANAJI
It’s a curtain call for anti-profiteering cases under the goods and services tax (GST).
In line with the Central government's decision, the Goa government too has notified April 1, 2025 as the sunset date after which no more anti-profiteering cases will be taken up. Ongoing cases will, however, continue.
A notification in this regard was issued by the Finance department. “The Government of Goa, on the recommendations of the Goods and Services Tax Council, hereby appoints the 1st day of April, 2025 as the date from which the authority shall not accept any request for examination as to whether input tax credits availed by any registered person or the reduction in the tax rate have actually resulted in a commensurate reduction in the price of the goods or services or both supplied by that registered person,” the notification stated.
This would mean that businesses would have the flexibility to decide on the pricing of goods and services, without taking into account the anti-profiteering regulations under GST under which benefits of lower taxes are to be commensurately passed on to customers through lower prices.
