By Dr Sanjay Chaturvedi, LLB, PhD
The National Anti-Profiteering Authority (NAA) has been constituted under Section 171 of the Central Goods and Services Tax Act, 2017 to ensure that the reduction in rate of tax or the benefit of input tax credit is passed on to the recipient by way of commensurate reduction in prices. Further, the following steps have been taken by the NAA to ensure that customers get the full benefit of tax cuts:
- Holding regular meetings with the Zonal Screening Committees and the Chief Commissioners of Central Tax to stress upon consumer awareness programmes;
- Launching a helpline to resolve the queries of citizens regarding registration of complaints against profiteering.
- Receiving complaints through email and NAA portal.
- Working with consumer welfare organizations in order to facilitate outreach activities.
A number of complaints regarding companies not passing on the full benefits of tax cuts to consumers have been receiving by the National Anti-Profiteering Authority (NAA).
Flat buyers who are deprived of input credit tax under GST and refused by the builder , can approach the Authority.