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Starbucks Profiteering GST Rate Cut

Starbucks To Pay Fine For ‘Profiteering’ Under GST Rate Cut

As a result of the recent GST tax reduction, the Starbucks was expected to make relevant cost reduction on its products and supplies, but reflecting fishy, the Tax authorities have questioned about the Brand’s prices and has issued two sets of letters asking about the data to get close to the exact position.

Abbott Charged Under GST

Abbott Charged Close to 1 Crore for Anti Profiteering Under GST

The anti-profiteering body held caught off the US pharmaceutical company Abbott Healthcare because the benefits of GST was not given by them to the customers post-GST which was rolled out on July 2017 even after the tax rate reduction in November 2017.

Delhi Court GST Rate Cut Explanation

Delhi Court Seeks GST Rate Cut Explanation From Authorities

The Delhi Court recently send notifications to the GST Council, the department of revenue, national anti-profiteering authority (NAA), Central Board of Indirect Taxes and Customs (CBIC) in a serious concern as fine is being imposed by NAA in opposition to one of the leading detergent company in Delhi.

Good GST Revenue

GST Implementation Seems Successful for States as Good Tax Revenue Collected

States feared about the adverse effects of the GST taxation in India, which is based on a new rule of ‘One-nation, one tax. The tax collected between August 2017 and June 2018 has been calculated to arrive at a monthly average and surprisingly the collection done in various States have shown a positive result.

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