The GST Council is likely to extend the tenure of the National Anti-profiteering Authority(NAA) till November 30,2020. Besides,the Council will also discuss a proposal to levy Goods and Services Tax(GST) on extra-neutral alcohol (ENA) which is used for manufacturing alcoholic liquor for human consumption. ENA is a derivative of sugarcane molasses and is not an… Continue reading GST Council may give one-year extension to anti-profiteering authority
Tag: National Anti profiteering Authority
Anti profiteering body can act sans complaints
National Anti-Profiteering Authority (NAA) chairman has said that Consumer complaints are not the only reason for the authority to act.NAA offices can take with the help of mock purchases to check a trader’s invoice for profiteering. The NAA has been constituted under Section 171 of the Central GST Act, 2017 to ensure that the reduction… Continue reading Anti profiteering body can act sans complaints
