How the authority would like to address such issues of profiteering?
The selling product of an electrical appliance X whose MRP was printed as Rs. 1599/- prior to the recent announcement of GST reduction from 28% to 18% was Rs. 1129/-. The box is packed in January 2018. He knows the selling price prior to GST reduction when he had gone to purchase but actually purchased now on 11/08/2018.
The retailer had another box packed in December 2016 had MRP of Rs. 1399/- and has been sold at Rs. 1,095/- by giving discount of 3% on Rs.1,129/- when the consumer raised a point of GST reduction from 28% to 18%. He had the box packed of January 2018 but had delivered the box of December 2016 packed. But none of the box had any sticker of revised MRP on 11/08/2018.
Is it not amounting to profiteering and how it can be established the allegation of profiteering. The consumer will not have any access to the records of the retailers pre and post reduction in GST rates and whether the Authority would like to look into the issue on its own. more
The retailer had another box packed in December 2016 had MRP of Rs. 1399/- and has been sold at Rs. 1,095/- by giving discount of 3% on Rs.1,129/- when the consumer raised a point of GST reduction from 28% to 18%. He had the box packed of January 2018 but had delivered the box of December 2016 packed. But none of the box had any sticker of revised MRP on 11/08/2018.
Is it not amounting to profiteering and how it can be established the allegation of profiteering. The consumer will not have any access to the records of the retailers pre and post reduction in GST rates and whether the Authority would like to look into the issue on its own. more
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I think the concerned agencies are sleeping or enjoying the bribes being paid by these business tycoons. more
Aug 15
One feels that the Department of Consumer Affairs has more than enough instances to bring out a straight and clear declaration on sellers misusing the GST forum..... At the same time, Mr Virmani's consistent efforts are worth applauding..... He seems to be fighting a lone battle, please support him....... more
Aug 13
Indians know how to make profit, GST reduced or increased. Consumer need to pay more. day by day and every day. Other then internt/Data, Call rate, Everything is increasing .... more
Aug 13
i have one HP Elecrtict in my MSME unit ,( toys for swing slide merry go ) GST is 18% so customer not buy now ,before 5 % was only more
Aug 12
There is a category of exemptions for small retailers. His retail sales price is inclusive of the tax on sales as applicable plus his margin of profits. Under the GST/CGST, as I understand, the tax chargeable is on the difference between purchase price and sales price which is so minicule that the consumer or the retailer do not bother paying. Why the consumer make a hue and cry on not passing on the reduction in tax (GST) when it is charged on the MRP, which is illegal.
In any case, it is a known fact that the retail invoices are different for consumers and sales tax department's assessment. Very large percentage of the tax so collected is not paid to the state exchequer.
The gain and loss to a retailer is measured for a period/term whatever the date of purchase or sale. more
In any case, it is a known fact that the retail invoices are different for consumers and sales tax department's assessment. Very large percentage of the tax so collected is not paid to the state exchequer.
The gain and loss to a retailer is measured for a period/term whatever the date of purchase or sale. more
Aug 13
Mr. Mathur, I hope you have read the comments of Mr. Shriram Phatak. A small retailer buys an item at the price and tax paid prevailing at the time of purchase and does not get the difference back. because he does not get any credit. How do we expect him to forgo the cost and tax already paid? In case of increase, some retailers etc. sell at the old price because they still get a profit. The benefit of reduction of GST can be passed on only in cases where it has not been paid to the government and the seller can save on the reduction. more
Aug 12
