Cabinet has approved creation of National Anti-profiteering Authority (NAA) under GST, to ensure benefits of reduction in indirect tax rates are passed on to consumers.
The authority will comprise a standing committee, screening committee in every state and Director General of safeguards in the central board of Excise and customs. The constitution of NAA will bolster the confidence of consumer as they reap the benefits of recent reduction in GST rates. In case the consumers do not get the benefit of reduction in prices, they can apply for the relief to the screening committee to the particular state.
In case the incident of profiteering relates to an item to mass impact the application may be directly made to the standing committee.