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ANTI PROFITEERING CLAUSE
Top cases on the United States Supreme Court's docketThe U.S. Supreme Court is reviewing significant cases. These cases cover voting rights, presidential authority, immigration policies, and g...- Income tax dept opposes benefits to Jane Street SingaporeIndia's tax office has challenged treaty benefits claimed by Jane Street's Singapore arm, suspecting ₹8000 crore in escaped income. The dep...
- Anti-profiteering body questions FMCG, pharma firms on GST pricesWhile many companies did announce a price cut after the GST was rolled out, that applied only to new stocks or those manufactured after Jul...
- Greater clarity needed in anti-profiteering rules: CIIThe anti-profiteering clause was brought in the Goods and Services Tax (GST) to ensure that businesses pass on the benefit of tax rate redu...
- How will GST be computed for under-construction propertiesPost GST, home buyers are baffled as to how they would pay taxes because service tax and VAT were no longer relevant in the present scheme ...
- Next GST Council meet to decide on anti-profiteering mechanismThe anti-profiteering provision mandates businesses to pass on the benefits arising out of lower taxes to the consumer by way of commensura...
- Up to 1 lakh new jobs may be created in six months to support GST implementationThe Central GST (CGST) law provides for an 'anti-profiteering' clause to ensure business passes on the benefit of reduced tax incidence on ...
- GST is a positive move for the cigarette companies: Sanjay Manyal, ICICI Securities"As there is anti profiteering clause the prices should go down by at least 5-7% or maybe even more which probably will benefit the compani...
- GST is going to be a game changer: Sajjan Jindal, MD, JSW GroupA majority of the Indian corporate sector today is saddled with huge debts: Sajjan Jindal, Chairman & Managing Director, JSW Group
- Regulators to ensure no hike in burden on flat buyers post-GSTSeveral developers have sent mails to buyers asking to pay 4.5% service tax by June 30 to avoid shelling out 12% GST from July.
- How the government can enable reduced prices under the GST regime to reach consumersThe govt made its intention clear by introducing an anti-profiteering clause in GST law to ensure that a commensurate cut in prices is pass...
- GST's anti-profiteering clause to check monopolies, cartelsThe anti-profiteering clause was built into the GST law to ensure that the price gains accruing due to an end of "tax on tax", or cascading...
- Ad spend of companies may go up after GST: Kotak Mutual FundCompanies will gain from the lower ad cost under GST and will likely plough back it in advertising, increasing their ad spending by about 1...
- Only credible plaint to trigger GST anti-profiteering clauseHe said the anti-profiteering clause in the law is meant to be a deterrent and is an enabling clause so that reduction in tax incidence due...
- Anti-profiteering clause in GST is transitory, will act as deterrent: Revenue secretary Hasmukh AdhiaNeed for anti-profiteering clause may happen only in cases of imperfect competition. In sectors that have competition market forces will no...
- GST anti-profiteering clause has companies worriedWhile pre-GST figures (such as profits) will be compared with the post-GST numbers, the basis of valuation itself will be different under t...
- Companies want their vendors to cut price by 10% due to GST benefitsThe companies have already calculated the exact jump in the vendors' margins and want that they pass it on to them.
- GST Council to discuss anti-profiteering clause at February 18 meetOfficials said the government is keen that benefit of lower taxes is passed on to consumers and so an anti- profiteering measure has been i...
- Revised draft GST law proposes anti-profiteering clauseThe states will now internally deliberate the revised drafts, which were finalised in a meeting of the council’s Law Sub-Committee comprisi...
- Government may consider anti-profiteering clause to ensure benefits of GST reach consumersArun Jaitley has hinted that the govt could consider an anti-profiteering clause to ensure the benefits of GST are passed on to consumers a...
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