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anti profiteering
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  • GST's anti-profiteering sword is outliving its utility | Corporate corridor Jan 03, 2020 09:16 AM IST

    GST's anti-profiteering sword is outliving its utility | Corporate corridor

    Pricing is one of the key weapons in a consumer company’s arsenal, the anti-profiteering provision in GST is hurting its utility

  • Comment | Real estate GST rate cuts don’t go far enough Feb 27, 2019 08:25 AM IST

    Comment | Real estate GST rate cuts don’t go far enough

    Investors were looking forward to a cut in GST on under-construction properties, to spur real estate sector growth. What the government gave with one hand, the other took away

  • Consumers feel restaurants are not passing benefits of GST rate cuts: Survey Jan 18, 2019 02:17 PM IST

    Consumers feel restaurants are not passing benefits of GST rate cuts: Survey

    To gauge the consumer pulse on how GST rate reductions are reaching consumers, LocalCircles conducted a three-point poll.

  • GST body dismisses profiteering claims against Maruti Suzuki Jan 02, 2019 07:34 PM IST

    GST body dismisses profiteering claims against Maruti Suzuki

    A complainant had alleged that the carmaker had profiteered by not passing on the benefit of tax reduction on four car models – WagonR VXI AMT, Alto 800 LXI, Swift VXI and Wagon R VXI – at the time of implementation of GST from July 1, 2017.

  • HUL, Jubilant FoodWorks, McDonald’s, Puri Constructions face stringent GST anti-profiteering penalties Oct 01, 2018 03:35 PM IST

    HUL, Jubilant FoodWorks, McDonald’s, Puri Constructions face stringent GST anti-profiteering penalties

    Preliminary investigations show that HUL has not passed on GST benefits to the tune of Rs 495.71 crore to the consumers

  • GST body dismisses profiteering claims against Flipkart Jul 23, 2018 02:22 PM IST

    GST body dismisses profiteering claims against Flipkart

    The government had introduced an anti-profiteering clause to ensure businesses transfer the benefit of the tax credit to the consumer by making products cheaper.

  • Govt plans consumer outreach to publicise GST benefits Mar 23, 2018 06:24 PM IST

    Govt plans consumer outreach to publicise GST benefits

    Half of the consumer welfare fund corpus will be used for publicity of the new indirect tax system in the country

  • GST profiteering complaints highest among FMCG, realty companies Mar 14, 2018 01:00 PM IST

    GST profiteering complaints highest among FMCG, realty companies

    About 70 percent of the 53 companies currently under probe are FMCG firms, followed by real estate companies

  • GST council set to finalise e-way bill rollout, easier return filing rules on Saturday Mar 09, 2018 09:21 AM IST

    GST council set to finalise e-way bill rollout, easier return filing rules on Saturday

    The Council will also tweak certain rules pertaining to the anti-profiteering mechanism

  • Finance ministry slaps anti-profiteering notices to McDonald’s, Lifestyle International and HUL stockist for not passing on GST benefits Dec 30, 2017 04:31 PM IST

    Finance ministry slaps anti-profiteering notices to McDonald’s, Lifestyle International and HUL stockist for not passing on GST benefits

    DG Safeguards has asked these firms to provide their balance sheet, trial balance and profit and loss account for last one year

  • Anti-profiteering notices to car dealer and realty company for not passing on GST benefits to customers Dec 20, 2017 01:09 PM IST

    Anti-profiteering notices to car dealer and realty company for not passing on GST benefits to customers

    In addition to these two cases, the government is also in the process of issuing notices to seven-eight more firms in the next few days, including an FMCG company

  • Complex anti-profiteering system could discourage consumers from taking on traders who hold back GST benefits Dec 08, 2017 06:50 PM IST

    Complex anti-profiteering system could discourage consumers from taking on traders who hold back GST benefits

    The application form requires pre and post-GST details on sale prices and taxes as well as benefits of input credits.

  • Govt rolls out anti-profiteering forms for complaints against firms not passing on GST benefits Dec 07, 2017 11:07 AM IST

    Govt rolls out anti-profiteering forms for complaints against firms not passing on GST benefits

    Consumers will have to provide details of product's price and the applicable tax rates for both, pre and post GST era.

  • Restaurants, realty firms under watch as govt receives 31 complaints after Nov 15 for not passing GST rate cut benefit to consumers Nov 28, 2017 01:38 PM IST

    Restaurants, realty firms under watch as govt receives 31 complaints after Nov 15 for not passing GST rate cut benefit to consumers

    Some restaurants have increased menu prices despite a cut in GST rate to 5%, claiming that non-availability of input tax credit has raised costs

  • Retailers battling anxiety, unanswered questions ahead of GST rollout Jun 12, 2017 05:03 PM IST

    Retailers battling anxiety, unanswered questions ahead of GST rollout

    Anti-profiteering clause and input tax credit could cause a few teething problems, say experts

  • GST's anti-profiteering clause may not lower prices for buyers Mar 08, 2017 03:19 PM IST

    GST's anti-profiteering clause may not lower prices for buyers

    This is because tracking activities of all registered companies could pose to be a challenge.

  • GST Bill proposes new anti-profiteering measure: Sources Nov 21, 2016 02:01 PM IST

    GST Bill proposes new anti-profiteering measure: Sources

    Quoting sources, Sapna Das of CNBC-TV18 reports that the proposed authority may also prescribe penalty against profiteering.

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