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Anti profiteering under GST: authority composition and eligibility set for Technical Members, nominations requested promptly. Under Section 171, reduction in tax rates or benefit of input tax credit must be passed to recipients via commensurate price reduction. Chapter XV (Rules 122-137) of the CGST Rules, 2017 establishes a National Anti profiteering Authority consisting of a Chairman and four Technical Members to be nominated by the GST Council. Technical Members must be current or former Commissioners or equivalent and under 62 years; a Selection Committee under Rule 124(1) will recommend names. The notice requests recommendations of suitable retired or serving officers meeting eligibility, to be forwarded by the prescribed deadline.
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<h1>Anti profiteering under GST: authority composition and eligibility set for Technical Members, nominations requested promptly.</h1> Under Section 171, reduction in tax rates or benefit of input tax credit must be passed to recipients via commensurate price reduction. Chapter XV (Rules 122-137) of the CGST Rules, 2017 establishes a National Anti profiteering Authority consisting of a Chairman and four Technical Members to be nominated by the GST Council. Technical Members must be current or former Commissioners or equivalent and under 62 years; a Selection Committee under Rule 124(1) will recommend names. The notice requests recommendations of suitable retired or serving officers meeting eligibility, to be forwarded by the prescribed deadline.
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