National Anti-profiteering Authority

  • The GST Council in its recent meeting has discussed the proposal of extending the tenure of the National Anti-profiteering Authority (NAA) to one more year.
  • The National Anti-Profiteering Authority (NAA) has been constituted under Section 171 of the Central Goods and Services Tax Act, 2017 to ensure that the reduction in rate of tax or the benefit of input tax credit is passed on to the recipient by way of commensurate reduction in prices.
  • NAA has the authority to deregister an entity or business if it fails to pass on the benefit of lower taxes under GST to the customer.
  • Deregistering a business ....
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Indian Economy & Socio-economic Development