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ANTIPROFITEERING
FMCG prices rise up to 5% as GST relief ends, weak rupee and rising costs squeeze marginsDistributors said select packs of everyday items, from detergents and hair oils to chocolates, noodles and cereals, have started reaching s...- Top Indian companies take on indirect tax department over GST anti-profiteeringMost of the companies are challenging the tax department on two main issues — Constitutional validity of anti-profiteering mechanism and th...
- HC stays penalty notice on Johnson and Johnson for 'profiteering' on sale of sanitary napkinsThe company has challenged NAPA's November 21, 2019 order that it did not pass on the commensurate benefit of reduction in the rate of tax ...
- Profiteering charges against Nestle IndiaThe National Antiprofiteering Authority (NAA) has also directed the company to reduce prices ‘commensurately’ and mandated that the Directo...
- Starbucks may face fine for ‘profiteering’ after GST rate cutTax authorities had questioned Starbucks about its prices and had issued two sets of letters seeking data after GST was reduced.
- HUL could meet earnings target, and yet disappointOn Thursday, Hindustan Unilever is forecast to post double-digit growth in revenue (to over Rs 9,300 crore) for the December quarter.
- Asian Paints drops 6% on tepid September quarter earningsThe stock fell 5.78 per cent to hit a low of Rs 1,132 on BSE.
- 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.
- DG anti-profiteering accuses HUL of making undue profits of Rs 330 croreThe report put HUL’s undue profits at more than .`330 crore, more than double of the .`160 crore that the company had deposited with the Co...
- GST rate cuts: Amazon, Myntra on anti-profiteering watchlistTax authorities have kept a close watch on firms to ensure that rate cuts were being passed on to consumers.
- GST scores high on ease of doing businessIndustry captains lauded the GST calling it an enabler of ease of doing business. GST has cut out the cascading of levies, widened the tax ...
- Anti-profiteering: At least 5 entities issued noticesA Honda dealer and Hardcastle Restaurants — a McDonald's franchisee — have been served notices for not passing on GST benefits to consumers.
- Steps taken to pass on rate cut gains: FMCG companiesAfter 178 products including were moved to the 18% GST slab in Nov, CBEC wrote to more than a 100 companies asking them to ensure that the ...
- Anti-Profiteering guidelines under GST likely by next monthSeveral experts — in the government and tax advisors — have been raising several hypothetical questions around the anti-profiteering clause...
- Expert view: GST's impact on inflation - 50% prices untouched, 30% lowered, 20% increasedAnti-profiteering measures to combat temporary inflation during the tax transition phase work best when implemented well before implementin...
- 6 reasons you need not fear the GST regimeThe goods and services tax (GST) is set for a July 1 launch. While businesses have adjustments to make, consumers do not have much to worry...
- Companies may lose their registration if they fail to pass GST benefits to youThe Anti-Profiteering Authority can order the reduction in price commensurate with the lowering of incidence of taxation under the new indi...
- Government to allay India Inc's GST fears via interactive sessionsThis comes after several companies complained about an increase in taxation and a consequent rise in prices when GST is rolled out as expec...
- 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...
- 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...
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