{"id":858,"date":"2023-06-09T06:53:05","date_gmt":"2023-06-09T06:53:05","guid":{"rendered":"https:\/\/vibrantfinserv.com\/kb\/?p=858"},"modified":"2024-06-01T12:01:09","modified_gmt":"2024-06-01T12:01:09","slug":"which-is-the-statutory-authority-under-the-gst-law-to-check-unfair-profiteering-activities","status":"publish","type":"post","link":"https:\/\/vibrantfinserv.com\/kb\/which-is-the-statutory-authority-under-the-gst-law-to-check-unfair-profiteering-activities\/","title":{"rendered":"Which is the statutory authority under the GST law to check unfair profiteering activities?"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-18\" src=\"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/05\/Logo-Vibrant-FinServ-300x143.png\" alt=\"\" width=\"92\" height=\"44\" srcset=\"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/05\/Logo-Vibrant-FinServ-300x143.png 300w, https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/05\/Logo-Vibrant-FinServ.png 482w\" sizes=\"auto, (max-width: 92px) 100vw, 92px\" \/><br \/>\n<img loading=\"lazy\" decoding=\"async\" class=\"alignright\" src=\"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/06\/12.-Statutory-authority.png\" alt=\"Statutory authority:\" width=\"204\" height=\"171\" \/><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_79 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/vibrantfinserv.com\/kb\/which-is-the-statutory-authority-under-the-gst-law-to-check-unfair-profiteering-activities\/#Statutory_authority\" >Statutory authority<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/vibrantfinserv.com\/kb\/which-is-the-statutory-authority-under-the-gst-law-to-check-unfair-profiteering-activities\/#For_more_information_to_visit_https_wwwgstgovin\" >For more information to visit https:\/\/www.gst.gov.in\/<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/vibrantfinserv.com\/kb\/which-is-the-statutory-authority-under-the-gst-law-to-check-unfair-profiteering-activities\/#For_further_details_access_our_website_https_vibrantfinservcom\" >For further details access our website https:\/\/vibrantfinserv.com<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Statutory_authority\"><\/span><span style=\"text-decoration: underline;\"><strong>Statutory authority<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;The statutory authority under the GST law to check unfair profiteering activities is the National Anti-Profiteering Authority (NAA). The NAA is a quasi-judicial body that was set up under the GST Act to ensure that the benefits of GST rate reductions and input tax credit are passed on to the end consumers by the businesses.\\n\\nThe NAA has the power to investigate complaints of profiteering, issue orders to businesses to pass on the benefits of GST rate reductions and input tax credit to consumers, and impose penalties for non-compliance. The NAA comprises a chairman and four technical members, who are experts in the fields of economics, law, and accountancy.\\n\\nIn summary, the National Anti-Profiteering Authority (NAA) is the statutory authority under the GST law to check unfair profiteering activities and ensure that the benefits of GST rate reductions and input tax credit are passed on to consumers by businesses.&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:8963,&quot;3&quot;:{&quot;1&quot;:0},&quot;4&quot;:{&quot;1&quot;:2,&quot;2&quot;:65280},&quot;11&quot;:4,&quot;12&quot;:0,&quot;16&quot;:10}\">Statutory authority under the GST law to check unfair profiteering activities is the National Anti-Profiteering Authority (NAA). The NAA is a quasi-judicial body that was set up under the GST Act to ensure that the benefits of GST rate reductions and input tax credit are passed on to the end consumers by the businesses.<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"For_more_information_to_visit_https_wwwgstgovin\"><\/span>For more information to visit<a href=\"https:\/\/www.gst.gov.in\/\"> https:\/\/www.gst.gov.in\/<\/a><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>The NAA has the power to investigate complaints of profiteering, issue orders to businesses to pass on the benefits of GST rate reductions and input tax credit to consumers, and impose penalties for non-compliance.\u00a0 The NAA comprises a chairman and four technical members.\u00a0 Who are experts in the fields of economics, law, and accountancy.<\/p>\n<p>In summary, the National Anti-Profiteering Authority (NAA) is the statutory authority under the GST law to check unfair profiteering activities.\u00a0 It ensures that the benefits of GST rate reductions and input tax credit pass on to consumers by businesses.<img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/encrypted-tbn0.gstatic.com\/images?q=tbn:ANd9GcRrfagicu2fyxeg7qq-XMY2BCY63RGbfWBWYnZ64phvtGnn4lu2mMMLUldHiQW1UpjMPIo&amp;usqp=CAU\" alt=\"Bizsolindia \u2013 Partners in strategy\" width=\"203\" height=\"93\" \/><\/p>\n<h4><span class=\"ez-toc-section\" id=\"For_further_details_access_our_website_https_vibrantfinservcom\"><\/span>For further details access our website <a href=\"https:\/\/vibrantfinserv.com\/\">https:\/\/vibrantfinserv.com<\/a><span class=\"ez-toc-section-end\"><\/span><\/h4>\n","protected":false},"excerpt":{"rendered":"<p>Statutory authority Statutory authority under the GST law to check unfair profiteering activities is the National Anti-Profiteering Authority (NAA). The NAA is a quasi-judicial body that was set up under the GST Act to ensure that the benefits of GST rate reductions and input tax credit are passed on to the end consumers by the\u2026 <span class=\"read-more\"><a href=\"https:\/\/vibrantfinserv.com\/kb\/which-is-the-statutory-authority-under-the-gst-law-to-check-unfair-profiteering-activities\/\">Read More &raquo;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":5512,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1459],"tags":[53,8367,49414,49439,49429,7235,16206,5425,49395,49403,49419,47968,49409,47965,47972,556,49392,49406,49424,49442,46182,49397,49431,47989,49428,49438,49434,49421,49386,49413,49390,18544,49393,49422,49387,49407,49435,49380,49400,1767,4861,31438,49382,49417,49443,49398,49411,31440,49404,49425,1984,49383,49416,49433,49399,49441,49388,49391,49412,49389,49385,49402,49430,49381,49437,49445,49423,49408,49410,49427,49396,49418,49384,49405,49394,49420,32560,22481,7584,1884,859,243,49432,49401,49444,7648,49051,49436,49426,4876,49415,7629,48498,618,49440,4860,21155,1894,38755,30562,733],"class_list":["post-858","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-account-finance","tag-businesscompliance","tag-businessethics","tag-businessethicscode","tag-businessethicsregulation","tag-businessethicsstandards","tag-businessintegrity","tag-businessregulation","tag-businessregulatoryframework","tag-consumeradvocacy","tag-consumeradvocacygroup","tag-consumeradvocacyorganization","tag-consumerawareness","tag-consumercomplaints","tag-consumereducation","tag-consumerempowerment","tag-consumerprotection","tag-consumerprotectionact","tag-consumerprotectionagency","tag-consumerprotectionauthority","tag-consumerprotectionunit","tag-consumerrights","tag-consumerrightsact","tag-consumerrightsadvocacy","tag-consumerrightsawareness","tag-consumerrightsawarenesscampaign","tag-consumerrightsawarenessinitiative","tag-consumerrightsawarenessprogram","tag-consumerrightsgroup","tag-consumerrightsprotection","tag-consumerrightsprotectionact","tag-consumerwelfare","tag-ethicalbusiness","tag-fairmarket","tag-fairpricelegislation","tag-fairpricing","tag-fairpricingmechanism","tag-fairpricingregulation","tag-fairtrade","tag-fairtrading","tag-gstbenefits","tag-gstlaw","tag-marketcompliance","tag-marketfairness","tag-marketfairnesscommission","tag-marketfairnesswatchdog","tag-marketintegrity","tag-marketoversight","tag-marketregulation","tag-marketsupervision","tag-marketsurveillance","tag-naa","tag-pricecontrol","tag-pricecontrolauthority","tag-pricecontrollegislation","tag-pricecontrolmeasures","tag-pricecontrolpolicy","tag-pricediscrimination","tag-pricefairness","tag-priceintegrity","tag-pricejustice","tag-pricemonitoring","tag-pricemonitoringauthority","tag-pricemonitoringbody","tag-priceregulation","tag-priceregulationauthority","tag-priceregulationcommission","tag-priceregulationmechanism","tag-priceregulationpolicy","tag-priceregulatoryauthority","tag-priceregulatorybody","tag-pricestability","tag-pricestabilization","tag-pricetransparency","tag-pricetransparencylaws","tag-pricewatch","tag-pricewatchdog","tag-regulatoryauthority","tag-taxadministration","tag-taxationlaws","tag-taxauthorities","tag-taxauthority","tag-taxcompliance","tag-taxcomplianceagency","tag-taxcomplianceregime","tag-taxcomplianceunit","tag-taxenforcement","tag-taxenforcementagency","tag-taxenforcementteam","tag-taxenforcementunit","tag-taxlaws","tag-taxlawsenforcement","tag-taxlegislation","tag-taxmonitoring","tag-taxobligations","tag-taxoversight","tag-taxpolicies","tag-taxpolicy","tag-taxreforms","tag-taxregulation","tag-taxregulatoryauthority","tag-taxtransparency"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Statutory authority \/ Article \/ VibrantFinserv -<\/title>\n<meta name=\"description\" content=\"Statutory authority under the GST law to check unfair profiteering activities is the National Anti-Profiteering Authority (NAA). 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