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The National Anti-Profiteering body set up under the newly introduced GST ensures that the benefits from GST rate reduction reach the consumer.
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.
The Consumer Welfare Fund was formed under The Central GST Act. The GST law is hard on anti-profiteers. Profits made from input tax credits under the new indirect tax law have to be passed on to the end consumer.
The GST refund processing has been increased by the Delhi government. Till now, it has disbursed a record of Rs 694 crore, Chief Minister Rekha Gupta declared, citing it as an initiative of her administration for ease of doing business. Officials, between April and September of FY 2025-26, the Department of Trade and Taxes has […]
The Andhra Pradesh government, in support of the handloom sector and to assist the weavers of the state, has declared certain initiatives. A comprehensive review meeting at the State Secretariat has been chaired by Chief Minister N Chandrababu Naidu concerning the welfare of handloom workers and revitalising the sector. RP Sisodia, Special Chief Secretary of […]
The 55th GST Council meeting held on 21st Dec 2024 at Jaisalmer, has been chaired by Finance Minister Nirmala Sitharaman. One of the main decisions opted for was to waive the GST on the contributions incurred via the general insurance companies from the third-party motor vehicle premiums to the Motor Vehicle Accident Fund ( MVA […]
The Finance Ministry of India has recently announced the latest set of rules notified under the Income Tax Act for provident fund (PF) savings. The 2021-22 budget speech of Finance Minister Nirmala Sitharaman mentioned that the income on contribution towards PF would be taxed for above INR 2.5 lakh but further, it was extended to […]
The government seems to increase its efforts towards the consumers who are still wondering about the benefits of goods and services tax.
There are various rules and regulations which emerge while GST refund process. The GST refund will be needed to properly maintained under the GST as even a slight delay in the refund process will impact the working capital and cash flow of the manufacturers and exporters.
