National Anti-profiteering Authority

The decision comes at a time when 50-odd cases against the constitutional validity of NAA have been clubbed and are being heard in the Delhi High Court

The proposed amendments will require the GST Council's approval

The court, which clubbed the petitions, had posted the matter for next hearing on October 19

While tax evasion, technical glitches, and litigation continue to plague the indirect tax system, the revenue collections have picked up in recent months

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

This may set a precedent wherever franchisers are named as respondents in a case against franchisees

Last month, companies told court that NAA was not following due process of law and was even launching probe against them when there was no cut in GST rates

They say NAA is not following due process of law, harassing them with investigations even when there is no cut in GST rates or increase in input tax credit; Delhi HC posts matter for March 4

Companies accused of not passing on benefit of lower rates to consumer by increasing prices on intervening night of November 14 and 15 from when GST rate reduction was notified

50 petitions pending in court, court asks each petitioner to submit its arguments within five pages

While businesses have issues with NAA's methodology of computing profiteering, consumers are defending their right to be charged fair prices and are supportive of the authority

Will speak on behalf of consumers in a case against National Anti-profiteering Authority; Forty-odd companies have challenged NAA findings, court has clubbed petitions as one

Justice Rajiv Sahai Endlaw made it clear the stay would come into operation only if the pharma major deposits the amount with NAA within two weeks.

The respondent shall reduce prices to be realised from buyers of the flats, the NAA said

The court also ordered that the deposit be kept in interest bearing fixed deposit receipts

The National Anti-Profiteering Authority (NAA) held that the South Korean company did not reduce the selling price of its 32-inch LED TV 32FH4003

The stay, granted through an order issued on February 10, was given on grounds that Nestle had already paid Rs 16.58 crore of the total demand of Rs 89.73 crore

"We do not find the present case to be a case of profiteering," NAA said in its order

Any order in the judicial system in India can be appealed against through writ petitions or appeals

The authority says reversing transaction using a credit note did not absolve the distributor of consequences resulting from issuing tax invoices wherein anti-profiteering provisions were violated