‘Ensure GST cuts reach users’
The Hindu
Plaints on COVID-essentials’ prices must be prioritised: NAA
The National Anti-Profiteering Authority (NAA) has directed GST officials across the country to ensure that the tax rate cuts notified on some COVID-19-related essentials are passed on to consumers. Complaints from end users about lack of price reductions commensurate with the tax cuts, are to be treated on a priority basis and forwarded to the State-level Screening Committees and Standing Committees on Anti-Profiteering, the NAA Secretary A.K. Goel said in a memo posted on its website on Thursday. At its last meeting on June 12, the GST Council had waived the indirect tax levied on two critical drugs, Tocilizumab and Amphotericin B, and reset the tax rate to 5% on 14 COVID-19 essentials. On June 14, the Finance Ministry had notified the revised rates, which are applicable till September 30.More Related News