National Anti-profiteering Authority
We had reported that National Anti-Profiteering Authority has been empowered with special laws and regulations, and has the power to even shut down a business if GST benefits are not passed on.
Govt. of India has now asked National Anti-Profiteering Authority (NAPA) to act strictly against those businesses, which are not passing GST rate cut benefits to the end users. As per reports coming in, leading food brands such as…
McDonald’s and Lifestyle International have become the first major businesses to get a notice from the anti-profiteering body, for violating GST laws and charging customers extra amount.
Govt. has exempted single brand retailers from printing MRPs of each & every product. Instead, they are now supposed to print rack-wise labels for products.
Government has now ordered all FMCG companies to revise their MRPs, with immediate effect as GST on white goods is all set to come down soon to the 28% slab
Taking a serious note of the overcharging issue, Govt. has decided to punish those businesses, which are still overcharging customers, in the name of GST.