31.1 C
Indore
Saturday, September 13, 2025
Home India News Will National Anti-profiteering Authority now have fresh lease of life: Congress leader...

Will National Anti-profiteering Authority now have fresh lease of life: Congress leader Jairam Ramesh


Congress Common Secretary Jairam Ramesh. File
| Picture Credit score: The Hindu

The Congress on Saturday (September 6, 2025) requested whether or not the Nationwide Anti-profiteering Authority (NAA) established to watch whether or not Items and Companies Tax (GST) fee cuts are handed on, and the buyer will get a recent lease of life, and be sure that solely a “favoured few” should not benefitted.

GST Council assembly highlights: GST reduce on medicine, medical gadgets will present reduction to sufferers, says healthcare trade

Congress common secretary communications Jairam Ramesh stated the Nationwide Anti-profiteering Authority (NAA) was established below Part 171 of the Central Items and Companies Tax Act, 2017, to watch whether or not GST fee cuts resulted within the discount of shopper costs.

“On September 30, 2024, the Modi Authorities issued a notification nearly abolishing the NAA with impact from April 1, 2025,” he stated in a put up on X. “Will the NAA now have a recent lease of life? How will it’s ensured that the speed cuts don’t profit solely a favoured few,” Mr. Ramesh requested.

The poser is available in view of the GST Council rationalising GST charges by eradicating the 12% and 28% tax slabs.

The speed cuts on a number of objects of mass consumption, geared toward serving to the widespread folks, will come into drive from September 22. The federal government has termed the speed cuts as a pre-Deepavali bonus to widespread folks.


Discover more from News Journals

Subscribe to get the latest posts sent to your email.

Most Popular

Cosulich Interiors to close New York Design Center showroom

NEW YORK – Cosulich Interiors is closing its Manhattan showroom and transitioning to an online-only mannequin because it returns to Europe to work...

Recent Comments