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As pointed by the purchasers, a Maggi noodles merchant has gone under the scanner for not passing on the advantages of goods and services tax (GST). A complaint was upheld in the same regard by National Anti-Profiteering Authority
A new profiteering case has come into light as a Gurugram based constructor and home provider, Pyramid Infratech, has been asked by the NAA to refund the benefit availed out of the input tax credit after the effective rate on affordable housing got reduced from 12 percent to 8 percent from January 25, 2018.
The main objective of the National Anti-profiteering Authority (NAA) is to ensure that benefits from GST Rate reductions reach end consumers.
The National Anti-Profiteering Authority doesn’t want to involve on rate cut tactics of sellers. It just wants that the benefits of a rate reduction in Goods and Services Tax should reach the end users.
The anti-profiteering authority of the goods & services tax (GST) is closely inspecting the top manufacturers of sanitary pads including Johnson & Johnson (J&J) and Procter & Gamble (P&G) to see whether they are passing on the GST price reduction benefits to the buyers/consumers of sanitary napkins or not.
The NAA or the national Anti-profiteering Authority under GST has pulled up MNC’s for not compensating consumers with the benefits accrued from GST rate relaxations.
The National Anti-Profiteering body set up under the newly introduced GST ensures that the benefits from GST rate reduction reach the consumer.
The Delhi High Court referred the Goods and Service Tax (GST) department to cancel the GST registration from the date of the death of the proprietor instead of retrospectively from the beginning of the GST commission dated July 1, 2017, because of non-filing of GST Returns (GSTR). The order on July 31, 2019, is been […]
Punjab finance minister Harpal Singh Cheema availed that the tax revenue from goods and services tax (GST), excise, and value-added tax (VAT) in the 10 months of the fiscal year (FY) 2023-24 had crossed the figure of 30,000 crores with a 15.67% rise in GST and 10% growth in revenue from excise as compared to […]
