GST & Related Aspects

NAPA created under Section 171 of the Central Goods and Services Tax Act, 2017 just after GST came into picture for 2 years to look into the cases files by the consumer against the company which does not pass the profit and now it got extension of 1 more year as there are many pending cases.

NAA Body - https://www.drishtiias.com/images/uploads/242image4.webp

• The anti-profiteering clause under the Goods And Services Tax (GST) Act mentions that any reduction in the rate of tax on any goods or services or the benefit of input tax credit must be passed on to the consumer by way of commensurate reduction in the prices of the respective goods or services. Any Profiteering can call for punitive action & cancellation of Registration.

• The orders of the NAA can be appealed against only in the high court.