The Union Cabinet has approved National Anti-Profiteering Authority (NAA) under Goods and Services Tax (GST). The main objective behind the same is to make sure that the benefits of reduction in the GST rate are passed on to consumer and not just engulfed by the businesses. The endowment of Authority will be headed by a … Continue reading “National Anti-profiteering Authority approved by Union Cabinet”

Any business entity that fails to pass on benefits of lower taxes under (GST) to consumers faces penalties under the new antiprofiteering rules.