The CBIC vide Notification No. 37/2021- Central tax dated 1st December 2021, has issued the Central Goods and Services Tax (Ninth Amendment) Rules, 2021, to further amend the time period of tenure of National Anti-profiteering authority from 4 years to 5years.
Earlier vide Notification No. 33/2019 – Central Tax dated July 18, 2019, tenure of the National Anti-Profiteering Authority was increased from 2 years to 4 years.
Effect of this notification is that, the chairman of National Anti-Profiteering Authority shall have to vacate his office after the expiry of five years from the date on which the Chairman enters upon his office unless the Council recommends otherwise.