Wikimedia Foundation reached a compromise with the Indonesian government, averting a potential Wikipedia block. The foundation secured assu...

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...

India's tax office has challenged treaty benefits claimed by Jane Street's Singapore arm, suspecting ₹8000 crore in escaped income. The dep...

Over 100 companies, including Hindustan Unilever, Patanjali, Jubilant Foodworks, Reckitt Benckiser, Phillips, Gillette India, and Procter a...

A division bench of the high court, on January 29, upheld the constitutional validity of Section 171 of the CGST Act, 2017 which mandates t...

The Delhi High Court has upheld the constitutional validity of anti-profiteering provisions under the Goods and Services Tax (GST) framewor...

Hindustan Unilever, Abbott, Johnson & Johnson, Philips, Patanjali, Samsonite, Jubilant Foods, and Nestle are among those that dragged the i...

The authority also held that the Director General of Anti-Profiteering (DGAP) can initiate investigation on the basis of complaints other t...

Anti-profiteering provisions were enacted to ensure GST benefits are passed on to the consumer. However, caught in numerous litigations, no...

Experts say this could prompt firms to seek a stay on anti-profiteering proceedings till the time the issue surrounding constitutional vali...

The petition claims there is no machinery and procedure to be followed for assessment of fines.

The government had created the anti-profiteering framework to shield consumers from any runaway price rise post rollout of GST from July 1 ...

This 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...

The anti-profiteering provision mandates businesses to pass on the benefits arising out of lower taxes to the consumer by way of commensura...

Keen to ensure that this benefit is passed on to consumers in the form of lower prices, the new framework provides for an anti-profiteering...

Revenue Secretary Hasmukh Adhia said that anti- profiteering provision in GST laws was essential to ensure that the benefits of reduction i...

He 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...