National Anti-profiteering Authority(NAA) is that the anti-profiteering watchdog of GST and it’s prepared to be subsumed into the Competition Commission of Republic of India (CCI). NAA’s investigation arm can still operate in some type underneath CCI. The official same that the move can cut back the multiplicity of regulators as CCI will handle cases severally. The set up is to transfer cases to CCI when NAA’s term ends.
NAA’s role is to form certain that the advantage of rate reduction reaches the buyer directly. This has been the role of NAA primarily as a result of the GST council has been rejigging the rates within the last 5 years. NAA has very little to try to to once rates go up.
Authorities area unit still receiving many complaints concerning the first years of GST, locution that the advantage of the input decrease has not been totally passed on to customers. Sectors like eateries, cinemas, assets, fast-moving trade goods, etc., have baby-faced NAA’s scrutiny the foremost. In several cases, the regulator ordered the business to come back the allegedly overcharged amounts to the buyer.
