Congress Questions the Future of National Anti-profiteering Authority
The Congress has questioned whether the National Anti-profiteering Authority will continue functioning to ensure GST rate cuts benefit all consumers and not just a 'favoured few.' The authority was set up to oversee that GST reductions result in lower consumer prices. Its future remains uncertain after a government notification indicated its abolishment.
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The Congress has raised concerns regarding the future of the National Anti-profiteering Authority (NAA), querying its continued role in ensuring GST rate cuts advantage all consumers and not just a select group.
Jairam Ramesh, Congress general secretary for communications, highlighted that the NAA was created under the Central Goods and Services Tax Act, 2017, to monitor if GST rate reductions led to decreased consumer prices. However, a government notification has set a potential end date for the authority in April 2025.
Ramesh's comments come amid the GST Council's recent decision to rationalize GST rates by removing certain tax slabs. The government claims this as a pre-Diwali benefit for the masses, effective September 22.
(With inputs from agencies.)
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