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Tenure of Authority.- 137. 4[The Authority shall cease to exist after the expiry of 3[Five Years] from the date on which the Chairman enters upon his office unless the Council recommends otherwise.] Explanation.- For the purposes of this Chapter, 5[(a) “Authority” means the Authority notified under sub-section (2) of section 171 of the Act;] (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 rule 123 of these rules. Note: 1. Inserted by Notification No. 14/2018 –Central Tax issued dated 23rd March, 2018 2. Substituted by Notification No. 33/2019 – Central Tax issued date 18th July, 2019 For the words "two years" Following word shall be substituted namely, "four years" 3. Substituted by Notification No. 37/2021 – Central Tax dated 1st December, 2021 w.e.f 30th November, 2021 For the word- 2[four years] Following word shall be substituted namely- "Five Years" 4. Omitted by the Central Goods and Services Tax (Fourth Amendment) Rules, 2022 Notification No. 24/2022 – Central Tax dated 23.11.2022 w.e.f 01.12.2022.
5. Substituted by the Central Goods and Services Tax (Fourth Amendment) Rules, 2022 Notification No. 24/2022 – Central Tax dated 23.11.2022 w.e.f 01.12.2022 In the Explanation, for clause (a)- (a) “Authority” means the National Anti-profiteering Authority constituted under rule 122; The following shall be substituted namely- ‘(a) “Authority” means the Authority notified under sub-section (2) of section 171 of the Act;’.
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