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As per recent updates received yesterday, Philips India was found guilty by the GST anti-profiteering authority for not providing benefits of the GST rate Grab the information of revised GST slab rates on consumer products in India, Although GST council finalized the slab rates like 5%, 12%, 18% and 28% cut which is estimated over […]
National Anti-Profiteering Authority (NAA) fined Baba Ramdev’s Patanjali Ayurved Ltd. a total of INR 75.08 crores for the company’s not transferring the benefits of reduction in the rates of Goods and Services Tax (GST). According to sources, the NAA said that the company increased the price of their washing powder even after the rates of […]
Samsung being under the tax radar for long has finally been penalized with the whooping sum of Rs. 3.7 million for not passing on the tax benefits to the customers. Samsung is the star electronic manufacturing brand prevailing in India with not less than 50% current user base. The government has recently announced the rate […]
Recently, a proposal to provide tax incentives on digital payments through QR code on United Payments Interface (UPI) has been approved by the National Payments Corporation of India (NPCI), which manages the platform. This will benefit the end customers and merchants immensely as they will get some portion of GST (paid on a product or […]
The taxpayers in India have got a big relief ever since the government passed the new GST Act. With the implementation of the new GST Act, the cascading effect of various taxes has been diminished by the government to a greater extent. Thanks to the new GST regime based on the ‘One Nation, One Tax‘ […]
National Anti-Profiteering Authority and Hindustan Unilever Ltd. are at loggerheads again over the latter’s move of passing GST benefits by offering customers more grammage for the same price as a commensurate to price reductions.
In a bid to leverage all the benefits of the goods & services tax (GST) system and to make the holding structure easier, major registered companies like Hindustan Lever, Hindustan foods and Lux Industries have started merging their unlisted businesses within them.
The multinational companies have cleared the reason for not passing the GST benefits to the consumers and the reason itself is not eligible for any approval.
The National Anti-Profiteering Authority which was set up under GST to ensure that benefits from the reductions in GST rates must reach the common taxpayer must and the NAA must be applauded for the good work it has done so far to safeguard consumer welfare.
