Consumer Welfare Fund
Consumer Welfare Fund News
GST evasion: 10% of profiteered amount as penalty is draconian when the concept of profiteering itself is nebulous
The Narendra Modi government’s obsession with foiling profiteering under the Goods and Services Tax (GST) law is going on unabated.
GST anti-profiteering fund: Amount deposited by erring businesses to be split between Centre and state
Following the rollout of GST, govt set up a national anti-profiteering authority to penalise businesses for failure to pass on tax benefits to consumers
GST: Anti-profiteering panel to levy penalty, have sunset date of two years
A five-member anti-profiteering authority will be set up to decide on levying a penalty if businesses do not pass on the benefit of price reduction to consumers under the goods and services tax regime.