gst council meet: GST Council presses for extending tenure of Nationwide Anti Profiteering Authority
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The GST Council is urgent for extending the date of the Nationwide Anti Profiteering Authority(NAA) past November this yr and has stated that the Solicitor Common will help in instances the place the constitutional validity of NAA is challenged, sources stated.
There have been stories that the NAA can be merged with Competitors Fee of India. The GST council has agreed for element evaluation of the mandate of the NAA for additional strengthening it.
Folks conscious of the dialogue instructed ET that A lot of the states agreed that the function of NAA is essential and its tenure must be prolonged.
The council has additionally mentioned the numerous reform measures for small companies, together with waiving necessities for submitting refund claims by condoning the two yr COVID interval between 1st March 2020 until 28 Feb 2022.
Sources stated that council has additionally agreed to allow tax authorities to file appeals in opposition to faulty refunds by not contemplating the 2 yr interval.
