The National Anti-profiteering Authority (NAA) is likely to merge with the Competition Commission of India (CCI) as the tenure of the GST watchdog is expired leaving around 400 cases pending before it which dealt with customer complaints regarding not receiving tax cut benefits. Reportedly, this will happen by year-end and all the cases pending with the NAA will be taken by the Competition watchdog.
The GST Council at its 35th meeting is scheduled on June 21st, under new Finance Minister Nirmala Sitharaman, had decided to give an extension of one year till November 30, 2020, as the authority continues to receive complaints of profiteering by companies, the official reportedly said
The NAA came into existence on 30 November 2017, after its Chairman BN Sharma assumed charge. So far, the NAA has passed 67 orders in various cases. 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 the rate of tax or the benefit of the input tax credit is passed on to the recipient by way of commensurate reduction in prices. It is primarily constituted by the central government to analyse whether input tax credits availed by any registered person or the reduction in the tax is passed onto the consumer and he/she is protected from the random price increase for self-interests in the name of GST.
