Question

66. Consider the following statements regarding National Anti-Profiteering Authority (NAA),
1. The Authority is mandated to ensure that the benefits of the reduction in GST rates are passed on to the ultimate consumers.
2. In all cases, the NAA can ask company to transfer amount to the 'Consumer Welfare Fund', as provided under CGST Act.
Select the correct answer using the following code.

• A. Only 1
• B. Only 2
• C. Both 1 and 2
• D. None of the above

Answer 1

The correct option is A Only 1

Only when the intended beneficiaries are not identified then the NAA directs the companies to transfer the amount to the Consumer Welfare Fund.