Q. Why is this in news ?
A. The Delhi High Court has stayed the National Anti-Profiteering Authority (NAPA) order directing Johnson & Johnson to deposit over ₹230 crore it allegedly profiteered by not passing on benefits of GST reduction in over 306 items, including baby products, through commensurate price cut.
Q. What is National Anti-Profiteering Authority ?
A. The National Anti-Profiteering Authority (NAA) has been constituted under Section 171 of the Central Goods and Services Tax Act, 2017.
Q. What is its Composition?
A. The National Anti-profiteering Authority shall be headed by a senior officer of the level of a Secretary to the Government of India and shall have four technical members from the Centre and/or the States.
Q. What are its Powers and functions?