
The petition, filed by Swati Realty, says the high court erred in failing to appreciate that the impugned provisions under the GST system are ultra vires of the Constitution.
Earlier in February, too, the apex court issued a notice to the Union government over the same matter in a separate petition.
NAA was set up in November 2017 to ensure that companies pass on the benefits of ITC and GST reduction to consumers by way of reduction in prices.
The Competition Commission of India has been looking into complaints of profiteering against companies since December 2022.
The Delhi High Court had in January upheld the constitutional validity of anti-profiteering provisions.
More than 100 companies, including Hindustan Unilever, Patanjali, Jubilant Foodworks, and Phillips, had filed petitions against the anti-profiteering provisions in the high court.
The court had held that the provisions pertain to a commensurate reduction in prices when GST rates are reduced or due to ITC. And hence, these provisions are in public interest. They are in line with legislative powers given under the Constitution, it had ruled.
Source: Business Standard