Wednesday, 16 December 2020

CBIC extends time limit for completion of anti-profiteering related actions by the Authority constituted under GST

 

This Tax Alert summarizes a recent notification[1] issued by the Central Board of Indirect Taxes and Customs (CBIC) extending the time limit for completing anti-profiteering related actions by the Authority constituted under GST.

 

The Central Goods and Services Tax Rules, 2017 provide time limits for the examination of anti-profiteering applications by the Standing committee, completion of investigation by the Director General of Anti-profiteering (DGAP) and passing of order by the National Anti-profiteering Authority (NAA).

 

As per the Notification, where the time limit for completion or compliance of any anti-profiteering related action by any Authority, falls during the period 20 March 2020 to 30 March 2021, the same shall be extended till 31 March 2021.

 

In view of Covid-19 pandemic, the CBIC had earlier extended the time limit till 30 November 2020. [2]

 

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