Notification No. 23/2022
Date: November 23, 2022
Subject: Empowering Competition Commission of India to handle anti-profiteering matters.
Description:
This notification authorises the Competition Commission of India (CCI) to examine whether the benefit of ITC or reduction in tax rate has been passed on to consumers under Section 171. It replaces the earlier National Anti-Profiteering Authority mechanism. The change brings anti-profiteering adjudication under an established statutory body.