National Anti-Profiteering Authority (NAA):
- Type of body: It has been constituted under Section 171 of the Central Goods and Services Tax Act, 2017.
- Objective: To ensure that any reduction in GST rates is passed on to the consumers by a commensurate reduction in the price of goods and services.
- Functions:
- It will identify GST taxpayers who have not passed on such benefits by reducing prices.
- In the event of a taxpayer not reducing prices, the NAPA may order a reduction in prices, impose penalties or cancel the registration of a person.
- Structure: The NAA will be headed by a senior officer of the level of Secretary to the Government of India. There will be four Technical Members from the Centre and/or the States.
- Tenure: The NAPA will cease to exist two years after the Chairman takes charge, unless the GST Council recommends otherwise.
