HomeLifestylenaa to wind up gst anti profiteering complaints to be taken up...

naa to wind up gst anti profiteering complaints to be taken up by cci from december 1 – News18

Highlights

Initially this NAA was formed for 2 years.
Last year, the tenure of NAA was again extended by one year.
Its term will end on November 30, 2022.

New Delhi. After December 1, 2022, consumers will not be able to complain about profiteering by goods and service providers to the National Anti-Profiteering Authority (NAA). This will happen because of the end of the tenure of the NAA this month. The NAA was formed to pass on the benefits of any reduction in GST rates and input tax credit to consumers. The Competition Commission of India (CCI) will settle all profiteering complaints related to GST from December 1. An official gave this information on Tuesday.

According to the news agency language, the official said that a notification in this regard is expected to be issued by the Finance Ministry in the next few days. The NAA was formed in November 2017 under Section 171A of the GST Act with the objective of curbing profiteering. It was formed to pass on the benefits of any reduction in GST rates and input tax credit to consumers. Initially this NAA was formed for two years, but later its term was extended till November 2021.

Also read- Digital Rupee is not far away now! RBI shortlisted 5 banks for pilot project

NAA’s tenure will end on November 30
In the 45th meeting of the GST Council held in September last year, the tenure of NAA was again extended by one year. It was also decided in that meeting that after November 2022, the investigation and resolution of complaints related to profiteering will not be done by NAA and this work will be done by CCI. According to that decision of the GST Council, the existence of NAA will end after November 30, 2022. In this way it will not be effective from next month.

Also read- Job crisis: After Google and Amazon, Apple also slowed hiring

complain here now
After December 1, consumers will complain to CCI against goods and service providers. The Directorate General of Anti-Profiteering (DGAP) will investigate all the complaints related to profiteering lodged and then submit its report to the Competition Commission. The official said that a separate cell is likely to be set up in the CCI to look into cases related to GST profiteering. The Goods and Services Tax was implemented in the country on July 1, 2017, replacing the old indirect tax regime.

Tags: business news in hindi, gst, GST council meeting, gst latest news

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Recent Comments