Jan 03, 2020 09:16 AM IST
Pricing is one of the key weapons in a consumer company’s arsenal, the anti-profiteering provision in GST is hurting its utility
- Feb 27, 2019 08:25 AM IST
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
- Jan 18, 2019 02:17 PM IST
To gauge the consumer pulse on how GST rate reductions are reaching consumers, LocalCircles conducted a three-point poll.
- Jan 02, 2019 07:34 PM IST
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.
- Oct 01, 2018 03:35 PM IST
Preliminary investigations show that HUL has not passed on GST benefits to the tune of Rs 495.71 crore to the consumers
- Jul 23, 2018 02:22 PM IST
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.
- Mar 23, 2018 06:24 PM IST
Half of the consumer welfare fund corpus will be used for publicity of the new indirect tax system in the country
- Mar 14, 2018 01:00 PM IST
About 70 percent of the 53 companies currently under probe are FMCG firms, followed by real estate companies
- Mar 09, 2018 09:21 AM IST
The Council will also tweak certain rules pertaining to the anti-profiteering mechanism
- Dec 30, 2017 04:31 PM IST
DG Safeguards has asked these firms to provide their balance sheet, trial balance and profit and loss account for last one year
- Dec 20, 2017 01:09 PM IST
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
- Dec 08, 2017 06:50 PM IST
The application form requires pre and post-GST details on sale prices and taxes as well as benefits of input credits.
- Dec 07, 2017 11:07 AM IST
Consumers will have to provide details of product's price and the applicable tax rates for both, pre and post GST era.
- Nov 28, 2017 01:38 PM IST
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
- Jun 12, 2017 05:03 PM IST
Anti-profiteering clause and input tax credit could cause a few teething problems, say experts
- Mar 08, 2017 03:19 PM IST
This is because tracking activities of all registered companies could pose to be a challenge.
- Nov 21, 2016 02:01 PM IST
Quoting sources, Sapna Das of CNBC-TV18 reports that the proposed authority may also prescribe penalty against profiteering.