Cabinet approves establishment of National Anti-profiteering Authority under GST

Union Cabinet approves creation of posts of Chairman and Technical Members of National Anti-profiteering Authority (NAA), thus paving way for its immediate establishment; NAA comprising of a Standing Committee, Screening Committees in every State and Directorate General of Safeguards in the Central Board of Excise & Customs (CBEC) shall ensure that benefits of reduction in GST rates are passed on to ultimate consumers by way of a reduction in prices; Affect...