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    • GST rate cuts: Quick implementation could limit near-term damage to corporate performance

      As rate cuts beckon, deferral of purchases, deployment of the anti-profiteering provision and uncertainty among distribution channels on input tax credit are risks facing businesses

    • SC notice to Centre on plea against HC verdict upholding anti-profiteering provision of CGST Act

      A division bench of the high court, on January 29, upheld the constitutional validity of Section 171 of the CGST Act, 2017 which mandates that whatever the companies save in tax they must reduce in price.

    • Drawing parallels at the intersection – CCI and anti-profiteering

      A comprehensive formula for identifying and calculating non-passing of ‘benefits of ITC’ or ‘reduced rates of tax’ is a must, our columnists argue.

    • Anti-profiteering blinkers may turn GST rate cuts into a nightmare

      A GST rate rejig is on the cards to simplify the tax structure and improve revenue. However, lower tax rates for some product groups could see India Inc come under the anti-profiteering scanner

    • 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

      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

      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

      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

      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

      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

      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

      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

      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

      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

      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

      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

      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

      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

      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

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

    • 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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