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NAA term comes to end. CCI to take charge from Dec 1, 2022.

CBIC has issued Notification No.23/2022 - CT & Notification No. 24/2022 - CT both dated 23.11.2022 to give this effect from 01st Dec 2022.

From 01st Dec 2022, Competition Commission of India (CCI) till do the functions of National Anti-Profiteering Authority (NAA). The said decision was taken by CBIC on the recommendations of GST Council.

The Notification has now empowered CCI to examine “whether input tax credits availed by any registered person or the reduction in the tax rate have actually resulted in a commensurate reduction in the price of the goods or services or both supplied by him".

Various rules [including Rule 122 - Constitution of Authority and Rule 137 - Tenure of Authority] have been omitted w.e.f. 01.12.2022 to implement the above changes. 

Rule 122 - Constitution of the Authority.

"122. The Authority shall consist of,-

(a) a Chairman who holds or has held a post equivalent in rank to a Secretary to the Government of India; and

(b) four Technical Members who are or have been Commissioners of State tax or central tax 1[for at least one year] or have held an equivalent post under the existing law,

to be nominated by the Council."

 

Rule 137 - Tenure of Authority.

137. The Authority shall cease to exist after the expiry of 3[five years] from the date on which the Chairman enters upon his office unless the Council recommends otherwise.

Below is the notification to empower CCI from 01.12.2022.


:

National Anti Profiteering Authority

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Author:

TaxReply


Nov 24, 2022


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