The establishment of the National Anti-Profiteering Authority (NAPA) can go a long way in ensuring that benefits of the GST are passed on to the consumers. However, the NAPA should not be used to harass traders.
The anti-profiteering body does have a good chance of becoming another bureaucratic layer which needs to be bribed to keep your restaurant/business running
Under GST, the government is setting up a National Anti-Profiteering Authority to ensure businesses do not cheat consumers. The new authority will ensure the benefit of reduced prices under the new indirect tax regime is passed on to consumers, said Law Minister Ravi Shankar Prasad.
In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.
Using this technology, IDF carried out fully robotic combat missions, drastically reducing risk to Israeli troops. The robotic combat task force also enhanced situational awareness.
While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.
The term undue means, if the trader does not reduce price from 28%, 18% GST to 5% GST . Like Mc donalds, saravana Bhavan,. sangeetha restarant has charged Dosai Rs 50 when GST was 18%, now when GST is 5% the Dosai price should be Rs 30-35, if not its Undue
The term undue means, if the trader does not reduce price from 28%, 18% GST to 5% GST . Like Mc donalds, saravana Bhavan,. sangeetha restarant has charged Dosai Rs 50 when GST was 18%, now when GST is 5% the Dosai price should be Rs 30-35, if not its Undue