Earlier, the CBIC vide Notification No. 33/2019 – Central Tax dated July 18, 2019 had issued the Central Goods and Services Tax (Fifth Amendment) Rules, 2019, by way of which tenure of the National Anti-Profiteering Authority (“NAPA”) was increased from 2 years to 4 years.
The CBIC vide Notification No. 37/2021 – Central Tax, dated December 1, 2021, has issued the Central Goods and Services Tax (Ninth Amendment) Rules, 2021, to further amend the Rule 137 of the Central Goods and Services Tax Rules, 2017 (“CGST Rules”) i.e., tenure of Authority to 5 Years w.e.f. November 30, 2021, from the date on which chairman enters upon his office, which was earlier 4 Years.
Relevant portion of amended Rule 137 of the CGST Rules now reads as below:
“137. Tenure of Authority.-
The Authority shall cease to exist after the expiry of five years from the date on which the Chairman enters upon his office unless the Council recommends otherwise.”
The Notification can be accessed at: https://egazette.nic.in/WriteReadData/2021/231517.pdf
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