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BN Sharma appointed Chairman of National Anti-profiteering Authority

BN Sharma appointed Chairman of National Anti-profiteering Authority

 Written By: Chennabasaveshwar Updated: Tuesday, November 28, 2017, 17:04 [IST] 

Subscribe to Oneindia News The Union Government appointed senior IAS officer B.N. 

Sharma as the 1st Chairman of Technical Members of National Anti-profiteering Authority 

(NAA) under GST. BN Sharma is 1985 batch IAS officer. Currently, he is Additional 

Secretary (Revenue) in Finance Ministry. Last week, the Union Cabinet approved the 

creation National Anti-profiteering Authority. This body will ensure that the benefits of the 

reduction in GST rates on goods or services are passed on to the ultimate consumers by way 

of a reduction in prices. The establishment of the NAA, to be headed by a senior officer of 

the level of Secretary to the Government of India with four Technical Members from the 

Centre and/or the States, is one more measure aimed at reassuring consumers that 

Government is fully committed to take all possible steps to ensure the benefits of 

implementation of GST in terms of lower prices of the goods and services reach them. The 

"anti-profiteering" measures enshrined in the GST law provide an institutional mechanism 

to ensure that the full benefits of input tax credits and reduced GST rates on supply of goods 

or services flow to the consumers. This institutional framework comprises the NAA, a 

Standing Committee, Screening Committees in every State and the Directorate General of 

Safeguards in the Central Board of Excise & Customs (CBEC). OneIndia News




Read more at: https://www.oneindia.com/india/bn-sharma-appointed-chairman-of-national-anti-profiteering-authority-2591696.html

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