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ANTI PROFITEERING PROVISIONS
Maximum 39% marginal rate of income tax applicable for these individuals in Tax Year 2026-2027Individuals and certain entities will face a maximum 39% income tax rate under the new tax regime for Tax Year 2026-2027. This Maximum Marg...
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...
US Senate Committee set to consider long-awaited crypto bill next weekUS senators will consider the Clarity Act next week, a bill aiming to regulate cryptocurrency and end disputes between crypto firms and ban...
Under blackout threat, Wikimedia reaches compromise with IndonesiaWikimedia Foundation reached a compromise with the Indonesian government, averting a potential Wikipedia block. The foundation secured assu...
Time to increase the risk quotient? Maybe, but selectively: 5 large-caps from different sectors with upside potential of up to 28%With Israel refusing to play ball and Iran maintaining its vice-like hold on the Strait of Hormuz, the ceasefire declared by US President T...
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...
Supreme Court issues notice to Centre on anti-profiteering provision under GSTOver 100 companies, including Hindustan Unilever, Patanjali, Jubilant Foodworks, Reckitt Benckiser, Phillips, Gillette India, and Procter a...
SC notice to Centre on plea against HC verdict upholding anti-profiteering provision of CGST ActA division bench of the high court, on January 29, upheld the constitutional validity of Section 171 of the CGST Act, 2017 which mandates t...
Setback for HUL, Nestle, Patanjali and others as HC upholds anti-profiteering provisions under GSTThe Delhi High Court has upheld the constitutional validity of anti-profiteering provisions under the Goods and Services Tax (GST) framewor...
Delhi HC to hear over 50 petitions against anti-profiteering provisions under GSTHindustan Unilever, Abbott, Johnson & Johnson, Philips, Patanjali, Samsonite, Jubilant Foods, and Nestle are among those that dragged the i...
Samsonite told to pay ₹25.7cr for not passing on GST benefitsThe authority also held that the Director General of Anti-Profiteering (DGAP) can initiate investigation on the basis of complaints other t...
Anti-profiteering in GST: Caught in litigation, extension in tenure may not be enoughAnti-profiteering provisions were enacted to ensure GST benefits are passed on to the consumer. However, caught in numerous litigations, no...
Abbott anti-profiteering case stayed, hope for other firmsExperts say this could prompt firms to seek a stay on anti-profiteering proceedings till the time the issue surrounding constitutional vali...
Pyramid Infra goes to court over GST anti-profiteering mechanismThe petition claims there is no machinery and procedure to be followed for assessment of fines.
Domino’s lands in trouble for not passing on GST cutsThe government had created the anti-profiteering framework to shield consumers from any runaway price rise post rollout of GST from July 1 ...
India may adopt item-based anti-profiteering rules to benefit usersThis means that a company will not be able to reduce prices of slow-moving products in its portfolio while keeping those of fast-moving one...
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...
How will anti-profiteering help me when GST kicks in? Here's the lowdownKeen to ensure that this benefit is passed on to consumers in the form of lower prices, the new framework provides for an anti-profiteering...
Hold back price hikes till GST roll out: Hasmukh Adhia tells India IncRevenue Secretary Hasmukh Adhia said that anti- profiteering provision in GST laws was essential to ensure that the benefits of reduction i...
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...