The government has set up the National Anti-Profiteering Authority amid reports that some companies, particularly restaurants, are not passing on the benefit of the goods and services tax (GST) rate cuts to consumers.
B N Sharma, additional secretary in the department of revenue, was on 28th
Nov 2017 appointed chairman of the authority.
According to the Appointments Committee of the Cabinet (ACC), Sharma is an IAS officer of the Rajasthan cadre of the 1985 batch. He will have the rank and pay of a Secretary in the government.
The authority under the GST regime has been constituted to ensure that the benefit of lower indirect tax rates are passed on to consumers.
The anti-profiteering measures were recently approved by the Union Cabinet and have been designed to ensure that the full benefits of input tax credits and reduced GST rates on supply of goods or services flow to the consumers.