National Anti-profiteering Authority approved by Union Cabinet

The Union Cabinet has approved National Anti-Profiteering Authority (NAA) under Goods and Services Tax (GST). The main objective behind the same is to make sure that the benefits of reduction in the GST rate are passed on to consumer and not just engulfed by the businesses.

The endowment of Authority will be headed by a senior officer of the level of Secretary to the government of India with four technical members from the Centre and/or State. This is one more measure aimed at reassuring consumers that Government is fully committed to take all possible steps to ensure the benefits of implementation of GST in terms of lower prices of the goods and services reach them.

Source: PIB

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