Rule 137 CGST Rules 2017
Summary of Rule 137 CGST Rules 2017
( Rule 137 CGST Rules 2017 explains Tenure of Authority and is covered in Chapter XV – Anti-Profiteering : Inserted by the Central Goods and Services Tax (Second Amendment) Rules, 2017, w.e.f. 1-7-2017 Amended by Central Goods and Services Tax (Third Amendment) Rules, 2018, )
Rule 137 CGST Rules 2017
Tenure of Authority
137. The Authority shall cease to exist after the expiry of two years from the date on which the Chairman enters upon his office unless the Council recommends otherwise.
Explanation.—For the purposes of this Chapter,
| (a) | “Authority” means the National Anti-profiteering Authority constituted under rule 122; | |
| (b) | “Committee” means the Standing Committee on Anti-profiteering constituted by the Council in terms of sub-rule (1) of rule 123 of these rules; | |
| (c) | “interested party” includes— |
| a. | suppliers of goods or services under the proceedings; and | |
| b. | recipients of goods or services under the proceedings. |
| 1[c. | any other person alleging, under sub-rule (1) of rule 128, that a registered person has not passed on the benefit of reduction in the rate of tax on any supply of goods or services or the benefit of input tax credit to the recipient by way of commensurate reduction in prices.] |
| (d) | “Screening Committee” means the State level Screening Committee constituted in terms of sub-rule (2) of rule 123 of these rules. |
Notes on Amendment in Rule 137 CGST Rules 2017
1 Sub-clause (c) inserted by the Central Goods and Services Tax (Third Amendment) Rules, 2018, w.e.f. 23-3-2018.
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