National Anti-Profiteering Authority

Consider the following statements with reference to the National Anti-Profiteering Authority (NAPA):

  1. The National Anti-profiteering Authority (NAA) is the statutory mechanism under GST law to check the unfair profiteering activities by the registered suppliers under GST law.
  2. The Authority comprises of a six-member committee, consisting of, a Chairman (equivalent to a rank of secretary in the government), five technical members (present/former commissioners of State tax or central tax departments).

Choose the correct answer from the codes given below:

A
Only 1
B
Only 2
C
Both 1 and 2
D
Neither 1 nor 2