Finmin additional secy will head body to check profiteering

NEW DELHI: The government on Tuesday set up the

National Anti-Profiteering Authority

to act against errant businessmen who do not pass on the gains of GST cuts to consumers. B N

Sharma

, currently posted as additional secretary in the revenue department, has been appointed as the first chairman of the agency.

Four technical members have also been appointed — J C

Chauhan

, chairman Tax Tribunal,

Himachal Pradesh

, Bijay Kumar, principal commissioner GST, Kolkata, C L Mahar, principal commissioner GST, Meerut, and R Bhagyadevi, ADG, systems, Chennai.

Sharma has been associated with the formulation and implementation of GST. “As its first chairman, B N Sharma is expected to give a direction to the authority in boosting the confidence of consumers that GST is a ‘Good and Simple Tax’ in the overall national interest,” the finance ministry said.

Ready to Master Stock Valuation? ET’s Workshop is just around the corner!