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Cabinet approves the establishment of the National Anti-profiteering Authority under GST

Goods and Services Tax - GST - Dated:- 16-11-2017 - The Union Cabinet chaired by the Prime Minister Narendra Modi has given its approval for the creation of the posts of Chairman and Technical Members of the National Anti-profiteering Authority (NAA) .....

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s of the reduction in GST rates on goods or services are passed on to the ultimate consumers by way of a reduction in prices. The establishment of the NAA, to be headed by a senior officer of the level of Secretary to the Government of India with fou .....

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ds and services reach them. It may be recalled that effective from midnight of 14th November, 2017 the GST rate has been slashed from 28% to 18% on goods falling under 178 headings. There are now only 50 items which attract the GST rate of 28%. Likew .....

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hat the full benefits of input tax credits and reduced GST rates on supply of goods or services flow to the consumers. This institutional framework comprises the NAA, a Standing Committee, Screening Committees in every State and the Directorate Gener .....

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mmittee in the particular State. However, in case the incident of profiteering relates to an item of mass impact with 'All India' ramification, the application may be directly made to the Standing Committee. After forming a prima facie view t .....

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