The National Anti-Profiteering Authority (NAA) was constituted on 28th November, 2017 under Section 171 of the CGST Act, 2017 to ensure that the reduction in rate of tax or the benefit of input tax credit is passed on to the recipient by way of commensurate reduction in prices. Important steps taken by the NAA to curb profiteering:
a) Regular meetings with the Zonal Screening Committees and the Chief Commissioners of Central Tax to stress upon consumer awareness programmes;
b) Helpline to resolve the queries of citizens regarding registration of complaints against profiteering.
c) Complaints through email and NAA portal.
d) Working with consumer welfare organizations in order to facilitate outreach activities.
60 orders so far passed against the complaints of profiteering by NAA. In 23 cases, profiteering was established amounting to Rs. 625 crores and effected recovery of Rs.300 crores (Approx.).