Connect with us

GST

Badri Narain Sharma Appointed as Chairman of GST Anti-Profiteering Authority

Published

on

GST Anti-Profiteering Authority

Senior bureaucrat Badri Narain Sharma was appointed as the chairman of the National Anti-Profiteering Authority under the GST regime. On Tuesday,  the members of the Anti-Profiteering Authority are appointed to ensure the benefit of reductions in the tax burden which has come down by way of rate cuts or rebates, there is a corresponding reduction in prices.

Badri Narain Sharma, a Rajasthan cadre IAS officer of 1985 batch and a senior revenue department official, has been appointed the first chairman of the National Anti-profiteering Authority (NAA), the body set up under the goods and services tax.

Read also GST on Stock Brokers: Group asks Government to Reduce GST, Scrap STT and DDT

Badri Narain Sharma Appointed as Chairman of GST Anti-Profiteering Authority

Badri Narain Sharma Appointed as Chairman of GST Anti-Profiteering Authority

The technical members who are selected in authority from the tax administration or tax tribunals are JC Chauhan, chairman, tax tribunal, Himachal Pradesh; Bijay Kumar, principal commissioner, GST, Kolkata; CL Mahar, principal commissioner GST, Meerut and R Bhagyadevi, ADG, Systems, Chennai.

The creation of the body signals the resolve of central and state governments to ensure that revenue is forgone by way of tax reduction, which impacts the state’s ability to spend on development, goes to the intended beneficiary.

Read also 90 Lakh Trucker’s India-Wide “Chakka Jam” against GST

He has been closely associated with the formulation of GST and its implementation; the finance ministry stated that,

“As its first chairman, Shri BN Sharma is expected to give a direction to the Authority in boosting the confidence of consumers that GST is a ‘Good and Simple Tax’ in the overall national interest,”

Badri Narain Sharma Appointed as Chairman of GST Anti-Profiteering Authority

Badri Narain Sharma Appointed as Chairman of GST Anti-Profiteering Authority

Read also New GST Rates: Centre Doubles Down on GST’s gains for Consumers

The Cabinet Secretary, PK Sinha had selected the chairman and members of the authority. She also stated that,

“The Authority is mandated to ensure that the benefits of input credit and the reduction in GST rates on specified goods or services are passed on to the consumers by way of a commensurate reduction in prices,”

The authority has a standing committee at the national level and state-level panels which will accept objections from consumers. The watchdog will be helped by the Directorate General of Safeguards in the central government for investigations into assumed cases of profiteering.

Click here for More GST Updates

I am the content writer and editor at NewsBugz. I have a keen interest in films and social media trends. Contact me at newsbugzofficial@gmail.com

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending

NewsBugz.com Would you like to receive notifications on latest updates? No Yes
You cannot copy content of this page