As many as 50 companies across sectors, including real estate, consumer goods and quick service restaurants, have challenged the constitutional validity of the anti-profiteering provisions under GST
The companies that dragged the indirect-tax department to court over anti-profiteering provisions under GST included Hindustan Unilever, Jubilant Foodworks, Abbott, Nestle, Whirlpool, IFB, Johnson & Johnson (J&J), etc. The court would also look at the legality and interpretation of Section 171 CGST Act.
Refer to Video Below to Understand why there are knocking the Court’s Door So Strongly
To Build More Understanding on the Matter, you can refer our Earlier Posts on this Subject.
A) How to Calculate Anti Profiteering in Real Estate Developers
B) GST on Real Estate – Anti Profiteering is BIG Agenda.. Unfinished
Let’s See How it Spans Out !