Government had cut rates on TVs and power banks at the recommendation of GST Council, effective January 2019Plea alleged that Samsung profiteered by not passing on the tax cut benefits to customers
2 min read2 Mar 2020Liberty to increase price as per the business cycle may come as a relief to companiesFirms are not sure how long they should keep a price after they reduce it to pass on benefits
3 min read5 Aug 2019The government has missed an opportunity to address a couple of serious lacunae in the law
4 min read28 Jun 2019First GST Council meet under new govt focuses on checking profiteeringExperts said the imposition of a higher penalty for GST profiteering was a tough measure
2 min read22 Jun 2019Non-transfer of rate cut benefits to consumers has led to action against biz by anti-profiteering watchdogBusinesses, which were pulled up by National Anti-profiteering Authority (NAA), have moved courts
3 min read5 Mar 2019In 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 2019The national anti-profiteering authority had found Hindustan Unilever Ltd (HUL) guilty of not passing on GST rate cut benefits to consumers
2 min read26 Dec 2018GST anti-profiteering authority, the National Anti-profiteering Authority says HUL has allegedly profiteered to the extent of 383 crore since GST rate cut in November 2017
1 min read25 Dec 2018The surge in complaints hints at the challenges faced by FMCG firms in ensuring that prices of all products are reduced in line with GST rate cuts and rebates on inputs
3 min read27 Nov 2018Hiking prices and even reducing prices post GST has been a challenge, says HUL chairman Sanjiv Mehta
2 min read25 Oct 2018The 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