Skip to content

CMA Final · Indirect Tax Laws and Practice · Anti-profiteering

Under the CGST Rules, 2017, the Director General of Anti-profiteering must complete the investigation within a stated period from receipt of the Standing Committee's reference. Which statement is correct?

The Director General must complete the investigation within six months of receiving the Standing Committee's reference. This can be extended by up to a further three months, for reasons recorded in writing, as allowed by the Authority, after which a report goes to the Authority.

  1. ASix months, extendable by a further period not exceeding three months for reasons recorded in writing, as allowed by the AuthorityCorrect
  2. BThree months, extendable by a further period not exceeding six months, as allowed by the Standing Committee
  3. CSix months, with no extension permitted under any circumstances
  4. DTwelve months, extendable by a further three months at the DG's own discretion

Explanation

Rule 129(6) gives six months from receipt of the reference, extendable by not more than three further months for reasons recorded in writing, as allowed by the Authority. The three-month base period and the Standing Committee's power to extend were replaced by amendments.

Did you get it right without looking?

One question tells you little. A timed set on Anti-profiteering shows your real accuracy, how long you take and where you lose marks.

Practise Anti-profiteeringFree diagnostic mock

More Anti-profiteering questions