Currently, all consumer complaints of companies not passing on GST rate cut benefits are investigated by the Directorate General of Anti-profiteering (DGAP), which then submits its report to the NAA.
The chief minister would address the press at 4:30 pm, shortly before a meeting of the Punjab Congress legislators scheduled in the evening on September 18.
The National Anti-Profiteering Authority has directed the builder to pass on the benefit of the profiteered amount to the applicant, buyers and the land owner along with interest at 18 percent.
Recent rulings by National Anti-Profiteering Agency have made it clear that citing practical difficulties for inability in passing on the profits is not acceptable to authorities. Profit, if accrued, needs to be passed on
The proposed mechanism will also act as a deterrent for businesses who show reluctance in passing on GST benefits.
The Council will also tweak certain rules pertaining to the anti-profiteering mechanism