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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