• twitter-icon
Unlimited Tax Return Filing


Anti Profiteering Provision Under GST is Just Week Ahead

The state screening committee of Anti-Profiteering Provision under the new indirect tax regime is likely to be formed in the coming week. “The public can lodge their complaint along with the bill to the nearest sales tax office, which will in turn hand over the complaint to the state screening committee”, said Finance Minister, T M Thomas Issac.

The minister said that, initially states had been disappointed with the implementation of the Goods and Services Tax (GST) with various other provisions. He further added, “The GST earnings for July is at least Rs 500 crore less than our expectations. This was the case with all other states”.

Read Also: Are Restaurants Charging Correct GST Bills? Know and Save Money

Thomas Isaac also guided to the Commercial Tax Department to launch a crackdown on the hotels and restaurants who are imposing GST on and above MRP from the customers. The minister informed to officials, that they must assure that unregistered businesses are not levying the taxes in the new tax regime. Till now, only 3,000-odd restaurants have registered under the GST.

The minister finds out that various hotels which come under the turnover of Rs 75 lakh or below were charging high taxes from the consumers, whereas they were entitled to levy only 5 per cent taxes in the new indirect tax regime.

Disclaimer:- "All the information given is from credible and authentic resources and has been published after moderation. Any change in detail or information other than fact must be considered a human error. The blog we write is to provide updated information. You can raise any query on matters related to blog content. Also, note that we don’t provide any type of consultancy so we are sorry for being unable to reply to consultancy queries. Also, we do mention that our replies are solely on a practical basis and we advise you to cross verify with professional authorities for a fact check."

Published by Poonam Hotwani (Ex-Employee)
Poonam Hotwani completed her schooling and graduation from Kota (Rajasthan). Pursued her MBA from Poornima Group of Colleges in Jaipur. Being a management student, she began her career as an academic content writer. She is dedicated, passionate and sincere about her work. Her keen interest areas are exploring websites, reading, writing and cooking. View more posts
SAGINFOTECH PRODUCTS

Leave a comment

Your email address will not be published. Required fields are marked *

Follow Us on Google News

Google News

Latest Posts

New Offer for Tax Experts

Huge Discount on Tax Software

Upto 20% Off
Tax, ROC/MCA, XBRL, Payroll, Online GST

Limited Offer, Hurry

Best Offer for Tax Professionals

Upto 20% Discount on Tax Software

    Select Product*

    Current GST Due Dates