The Goods and Services Tax (GST) Council will meet on Saturday to review the implementation of GST which was rolled from 1st of July, this year. The GST Council at its meeting will finalise a mechanism to operationalise anti-profiteering clause which seeks to protect consumers interest. <br/><br/>Union Finance Minister Arun Jaitley informed about this in the Lok Sabha today during his reply to a discussion on Supplementary Demands for Grants for 2017-18.<br/>'<br/>The anti-profiteering law simply states that the businesses have to pass on the benefits arising out of lower taxes to the consumer. <br/><br/>As per Clause 171 of GST Act, it is mandatory to pass on the benefit due to reduction in rate of tax or from input tax credit to the consumer by way of commensurate reduction in prices.<br/>'<br/>Referring to concerns raised by members with regard to impact of GST on prices, Mr. Jaitley said it would be mandatory for manufacturers to pass on the benefits of reduction in taxes to consumers. <br/><br/>He hoped that the decision of price cut by automobile sector on account of benefit of input tax credit would be followed by others manufacture<br/>