Anti-Profiteering

I and a lawyer friend of mine here in Chennai brainstormed anti-profiteering in regards to latest gst changes yesterday. Any business/brand has finished goods inventory at their factory...

Here is how it will work according to me: Sanitary Napkins Exempt from GST Base product cost = INR 70 13% avg GST on inputs = INR 9 Base Price INR 79 Margin INR 30 <...

Cost of imported devices came down as importers get input credit, Earlier MRP was inclusive of all taxes n after GST too. But most have not reduced their MRP. <...

Many items will see gst rate cut from july 27. And if anyone in these categories doesnt reduce mrp they will i think face profiteering charges. Hopefully this will bring relief to middle class.

If BBA was signed before GST period and sale price was decided pre GST era than builder is liable to pass benefit of ITC to consumers according to sec 171 of GST Act. Even if raw material was purch...

Can the anti profiteering authority please ensure that under-construction projects that are still in initial stages of construction adjust their price points according to the ITC. No one...

Directorate General of Safeguards(DGSG) Customs and Central Excise New Delhi now new name Directorate General of Anti Profiteering submitted its report on anti profiteering done by M/S Pyramid Infr...

Builders taking complete 12% GST for new flat and not passing input tax credit (ITC) to customers. Govt increased this tax from 5.75% to 12% (double) with bringing the concept of ITC. If the Govt c...

It has been noticed that some products come printed with different MRPs within the state of production & outside the state. This is purely profiteering by the companies resorting to such practi...

Recently I wanted to send few documents to a relative in UK. The packet just weighed 85 gms. I casually checked with DHL who quoted Rs. 3800+ plus taxes; DTDC quoted Rs. 1800 + taxed. Both promise...