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NAA orders probe into Phillips India
The order highlights the divergent interpretations about anti-profiteering provisions that the authorities and many companies holdThe company has been asked to deposit ₹4.5 lakh to designated consumer welfare funds and to explain why a penalty should not be imposed
1 min read3 Jun 2020Proposal to encourage taxmen to file GST profiteering complaints
The proposed mechanism will also act as a deterrent for businesses who show reluctance in passing on GST benefits The GST officials and the NAA are keen to rope in the field formation for filing complaints of profiteering against businesses
1 min read29 Jan 2019Orders issued against 9 businesses for not passing ₹560-cr GST rate cut benefits
In a written reply to a question in the Lok Sabha, Minister of State for Finance Shiv Pratap Shukla said the GST Council has recommended goods and services tax rate reduction in respect of 400 groups of goods and 96 groups of services.
1 min read4 Jan 2019Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared