Racold water heater not reducing prices post gst reduction
See attached how selling price of racold water heater and its mrp is not reduced. before gst reduction and after gst reduction price is same though rates have reduced from 28% to 18%.
Please act. more
Please act. more
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PL act and impose penalties which are at least three times the reduction which has not been passed on. It should be based on production of company after the date of reduction. Way out is that in all products MRP should have a selling price and gst listed separately . That way if there is a reduction all sellers would have to display items on which gst has been reduced and amount of reduction. Sellers should be able to get input credit for same. If it is found that company or seller has charged more. Then penalty should be 300% of excess amount charged for all goods sold by seller or company from date of reduction to date of booking. more
Aug 03
