More articles by

Vijaya Pushkarna
Vijaya Pushkarna

GST

Govt appoints B.N. Sharma as Anti-Profiteeering Authority chairman

gst-coins-blocks

The government took one more step to show everyone that it means to get real in terms of passing on benefits of the reduced GST to the final consumers by appointing B.N. Sharma, a 1985-batch of IAS officer who is now the additional secretary in the Revenue department, as the chairman of the newly constituted National Anti-Profiteering Authority (NAA) which will have its office in the iconic Jeevan Bharati building that towers in the heart of Connaught Place, New Delhi.

The government also appointed four technical members drawn from different states. The technical team include J.C. Chauhan, chairman of the tax tribunal in Himachal Pradesh, Bijayu Kumar, Principal Commissioner of GST in Kolkata, C.L. Mahar, principal commissioner of GST, Meerut and R. Bhagyadevi, ADG, Systems, in Chennai.

Sharma, who has been closely involved with all matters pertaining to the GST, has been directed to make the GST a “Good and Simple Tax.” The NAA, was created by the union cabinet on Nov 17, essentially to ensure end consumers get the benefit of the taxes that were slashed under 178 heads on Nov 14. It will have a two-year term from the day Sharma assumes office. Sources indicated that Sharma will take charge within a week. Within two years, government expects the market to trade products with MRP label, which will include no more than the tax rates cleared on Nov 14.

Sharma and his colleagues will also roll out a system to nab and if need be punish those who fail to pass on the benefit of lower taxes, by cancelling their registration under the GST.

This browser settings will not support to add bookmarks programmatically. Please press Ctrl+D or change settings to bookmark this page.
Topics : #GST | #Arun Jaitley | #finance

Related Reading