In words of Revenue Secretary: GST reduction
It is necessary for a retailer to pass on the tax cuts. It should be clearly understood that MRP includes all taxes. If a good has old MRP, which was on basis of 28% tax, then the rate should come down automatically. This is responsibility of the company. Company has to ensure that their entire distribution chain — wholesalers, retailers — pass on this tax cut. I would like to appeal to FMCG companies that if they want to escape action from the Anti-profiteering Authority, they should ensure that this tax cut is passed to consumers. This argument that my stock is old and I paid 28% to the wholesaler cannot hold. A retailer when he sells to a consumer should charge only 18%. He will be able to get refund of any additional tax he may have paid to the wholesaler or input tax credit. Consumers also need to be conscious as taxes have been cut on so many products of mass consumption such as washing powder. The Consumer Affairs Ministry has given orders to paste new stickers by December for goods sold on MRP. But price revision should have happened immediately. I would request all FMCG companies to declare transparently in newspapers what was the MRP of their products earlier and after the revision. more
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The people whose only principle is to make more and more profit in any way have thick skin and such appeals are not going to change their mentality in any way, otherwise, they themselves would have come forward to pass on the benefit of tax cut to the consumers. This is not the first time that the manufacturers had increased the prices of their products against any efforts of the government to give some relief to the consumers in price rises of essential commodities and the government had been the silent spectators of the dishonest acts of the companies. Why not the government authorities are coming forward and ask theses groups of dishonest people to pass on the entire amount of tax cut to the consumers duly reducing the prices of their products with immediate effect setting a deadline of 5 to 7 days or so and thereafter start raiding their business places in large scale and fine them heavily, if found guilty of flouting the government guidelines? more
Nov 22
Tax chori is due to high rate of Tax and if Government wants rationalisation and improvement in the system, they should have reduced the GST rate from the beginning. more
Nov 22
But who enforces the will of GOI? What prohibitive penalty has been levied? You can’t expect a masaldosa eater who paid the same ₹75 under both gst slabs, to run to the law and spend the rest of his life fighting the case. Is there mandatory authority to check the billing and penalise offenders? Without such coercive exercise of powers, the results will not surface. Fear is the key more
Nov 21
But who enforces the will of GOI? What prohibitive penalty has been levied? You can’t expect a masaldosa eater who paid the same ₹75 under both gst slabs, to run to the law and spend the rest of his life fighting the case. Is there mandatory authority to check the billing and penalise offenders? Without such coercive exercise of powers, the results will not surface. Fear is the key more
Nov 21
Its not done ! THE LOOT CULTURE HAS ENTERED NERVE CENTRES OF LOOT HELPERS ! ONLY IF A POLICEMAN OR A CHECK AGENCY IS NEAR THEN A RESULT IS SEEN! SO FAR THAT IS NOT ARRANGED !SO THEY CHARGE INCREASED MRP! THATS WHY THE EDUCATION OF INDIA NEEDS CHANGE AND MORALITIES INJECTED INTO BRAINS BY TEACHING 'INDIAN PHILOSOPHY' more
Nov 21
