Reading Comprehension – Test 107

Read the following passage carefully and choose the most appropriate answer to the questions out of five alternatives.<br><br> The National Anti-Profiteering Authority may reportedly remain in place for another two years as there could be more changes to the goods and services tax (GST). This is a bad idea. Its very existence reflects deficient trust in the power of competition in the Indian marketplace and in the ability of the Competition Commission of India (CCI) to handle any deviant market conduct. The body represents misdeployment of scarce talent within the government. It must be wound up at the earliest, and not given another term.<br><br> The NAA's aim was to ensure that industry passed on to consumers the lower incidence of tax on their produce arising from the old indirect tax regime giving way to GST and also the commensurate benefit when tax rates were lowered by the GST Council. It should swiftly clear the backlog of cases. The existing manpower that includes tax officers who assist the NIA can be deployed elsewhere. At the first level, state-level screening committees and a standing committee at a national level examine complaints by consumers. The case is referred to the directorate general of safeguards that conducts the investigation and it is finally adjudicated by the NAA. Instead, adjudication should be left to CCI, which is best placed to ensure that market power is not abused to distort competition. The CCI needs supporting staff including technical experts from various fields. Redeploying some revenue department personnel to the CCI makes sense. It would reduce the scope for any arbitrariness and improve the ease of doing business. <br><br> Fewer and lower rates would minimise classification disputes and boost GST collections. A convergence to three rates will also ease compliance. The competitive strength of the economy would let product prices reach the optimal levels, post tax changes.

Existence of The National Anti-Profiteering Authority shows-

Read the following passage carefully and choose the most appropriate answer to the questions out of five alternatives.<br><br> The National Anti-Profiteering Authority may reportedly remain in place for another two years as there could be more changes to the goods and services tax (GST). This is a bad idea. Its very existence reflects deficient trust in the power of competition in the Indian marketplace and in the ability of the Competition Commission of India (CCI) to handle any deviant market conduct. The body represents misdeployment of scarce talent within the government. It must be wound up at the earliest, and not given another term.<br><br> The NAA's aim was to ensure that industry passed on to consumers the lower incidence of tax on their produce arising from the old indirect tax regime giving way to GST and also the commensurate benefit when tax rates were lowered by the GST Council. It should swiftly clear the backlog of cases. The existing manpower that includes tax officers who assist the NIA can be deployed elsewhere. At the first level, state-level screening committees and a standing committee at a national level examine complaints by consumers. The case is referred to the directorate general of safeguards that conducts the investigation and it is finally adjudicated by the NAA. Instead, adjudication should be left to CCI, which is best placed to ensure that market power is not abused to distort competition. The CCI needs supporting staff including technical experts from various fields. Redeploying some revenue department personnel to the CCI makes sense. It would reduce the scope for any arbitrariness and improve the ease of doing business. <br><br> Fewer and lower rates would minimise classification disputes and boost GST collections. A convergence to three rates will also ease compliance. The competitive strength of the economy would let product prices reach the optimal levels, post tax changes.

The aim of National Anti-Profiteering Authority was-

Read the following passage carefully and choose the most appropriate answer to the questions out of five alternatives.<br><br> The National Anti-Profiteering Authority may reportedly remain in place for another two years as there could be more changes to the goods and services tax (GST). This is a bad idea. Its very existence reflects deficient trust in the power of competition in the Indian marketplace and in the ability of the Competition Commission of India (CCI) to handle any deviant market conduct. The body represents misdeployment of scarce talent within the government. It must be wound up at the earliest, and not given another term.<br><br> The NAA's aim was to ensure that industry passed on to consumers the lower incidence of tax on their produce arising from the old indirect tax regime giving way to GST and also the commensurate benefit when tax rates were lowered by the GST Council. It should swiftly clear the backlog of cases. The existing manpower that includes tax officers who assist the NIA can be deployed elsewhere. At the first level, state-level screening committees and a standing committee at a national level examine complaints by consumers. The case is referred to the directorate general of safeguards that conducts the investigation and it is finally adjudicated by the NAA. Instead, adjudication should be left to CCI, which is best placed to ensure that market power is not abused to distort competition. The CCI needs supporting staff including technical experts from various fields. Redeploying some revenue department personnel to the CCI makes sense. It would reduce the scope for any arbitrariness and improve the ease of doing business. <br><br> Fewer and lower rates would minimise classification disputes and boost GST collections. A convergence to three rates will also ease compliance. The competitive strength of the economy would let product prices reach the optimal levels, post tax changes.

The investigation part is carried out by -