Overview

• In a post on X on September 6, the Congress leader asked whether the National Anti-profiteering Authority will get a fresh lease of life.
• He cited a September 30, 2024 government notification that, according to him, virtually abolished the NAA with effect from April 1, 2025.
• The NAA was set up under Section 171 of the CGST Act, 2017 to ensure that GST rate reductions were passed on to consumers.
• The GST Council recently removed the 12% and 28% slabs, with rate cuts on mass-consumption items scheduled to start on September 22.
• The government has pitched the reductions as a pre-Diwali bonus, while opposition parties and some states have sought safeguards to prevent companies from keeping the gains.