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Anti-Profiteering Authority to be merged with Competition Commission

Published on June 13, 2022
Current Context: According to report National Anti-profiteering Authority (NAA) is all set to be subsumed into the Competition Commission of India.
Anti-Profiteering Authority to be merged with Competition Commission
  • NAA is the anti-profiteering watchdog of GST which came into existence in 2017.
  • The main objective is to make sure that the benefit of tax rate reduction reaches the consumer immediately.
  • At the time of GST, implementation Authorities received several complaints saying that the benefit of the input tax credit has not been fully passed on to consumers.
  • It has already received two extensions since then and now no extension has been planned.
  • NAA’s investigation arm will continue to function in some form under CCI. And this move will reduce the multiplicity of regulators as CCI can handle cases independently.

Question:

Q.1 Recently the government has decided to merge the National Anti-profiteering Authority into one of the following institutions.
a. NPCI
b. CCI
c. SEBI
d. NABARD
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