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Homebuyers who have not received the full benefit of input tax credit (ITC) on the goods and services tax (GST) payments made to developers can approach the National Anti-Profiteering Authority (NAA) for relief. The authority, under section 171 of the…
Competition Commission of India will examine cases in relation to price reduction due to Input Tax Credit or GST Rate reduction from 1st Dec 2022
“All Goods & Services Tax (GST) anti-profiteering complaints would be dealt with by the Competition Commission of India (CCI) from December 1 as the extended tenure of National Anti-profiteering Authority (NAA) ends this month,” an official said on November 15.…
The National Anti-profiteering Authority (NAA) is “internally” investigating around 250 retailers following complaints that they raised prices of pre-packaged items, more than warranted, following the imposition of goods and services tax (GST) post the July 18 changes in rates. “We…
The Central Board of Indirect Taxes & Custom (CBIC) has said that the new anti-profiteering mechanism will not be different from the existing one, except for change in the institution. In an interview with BusinessLine, CBIC Chairman Vivek Johri said…
The goods and services tax (GST) profiteering watchdog has held cosmetics and personal care giant L’oreal guilty of not passing on the rate reduction benefits to consumers to the tune of Rs.186 crore. Thereby, the national anti-profiteering authority has directed…
The GST Council is likely to meet in the second half of June. However, the government is yet to decide on a final date. No particular agenda has been decided yet as well. However, the decision of soon shifting anti-profiteering…