Functions of National Anti-profiteering Authority from CCI and CBIC

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The National Anti-profiteering Authority (NAA) has been constituted under GST to determine whether the reduction in tax rates or benefit of ITC is being passed on to the recipient by way of commensurate reduction in prices.

Whereas, the CCI eliminates practices having adverse effect on competition to protect the interest of the consumers. CBIC deals with the task of formulation of policy and laws and implementing the same on the levy and collection of duties/taxes.

The Central Board of Excise and Customs (“CBEC”) (now rechristened Central Board of Indirect Taxes and Customs- “CBIC”) deals with the task of formulation of policy and laws and implementing the same on the levy and collection of the following duties/taxes like Custom Duty, Central Excise on certain Items etc..

Read More at: http://www.pib.nic.in/PressReleseDetail.aspx?PRID=1528107