Anti-profiteering Authority to be merged with Competition Commission

The National Anti-profiteering Authority (NAA) came into existence in 2017 and has received two extensions since then

CCI
BS Web Team New Delhi
2 min read Last Updated : Jun 13 2022 | 9:46 AM IST

National Anti-profiteering Authority (NAA) is all set to be subsumed into the Competition Commission of India (CCI), according to a report in Livemint

 

NAA is the anti-profiteering watchdog of GST. Its term ends in November, and no extension has been planned, per the report.

 

NAA came into existence in 2017 and has received two extensions since then.

 

Also Read

Officials who spoke to Livemint said that NAA's investigation arm will continue to function in some form under CCI. The official said that the move will reduce the multiplicity of regulators as CCI can handle cases independently.

 

The implementation of anti-profiteering provisions in GST law has faced several challenges. According to the Livemint report, the plan is to transfer cases to CCI after NAA's term ends.

 

NAA's role is to make sure that the benefit of tax rate reduction reaches the consumer immediately. This has been the role of NAA primarily because the GST council has been rejigging the rates in the last five years. NAA has little to do when rates go up.

 

Authorities are still receiving several complaints about the early years of GST, saying that the benefit of the input tax credit has not been fully passed on to consumers. 

 

Sectors like eateries, cinemas, real estate, fast-moving consumer goods, etc., have faced NAA's scrutiny the most. In many cases, the regulator ordered the business to return the allegedly overcharged amounts to the consumer.


One subscription. Two world-class reads.

Already subscribed? Log in

Subscribe to read the full story →
Subscribe to Business Standard digital and get complimentary access to The New York Times

Quarterly Starter

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

Save 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories Online

  • Over 30 behind the paywall stories daily, handpicked by our editors for subscribers

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

Topics :Goods and Services TaxNational Anti-profiteering AuthorityCompetition Commission of India

Next Story