Industry Lobby actively working against Anti-Profiteering authorities

Today's business standard paper has an article where the opinion giver is talking how Govt should not renew the term of Anti Profiteering regulator and market forces are best to manage profiteering.

I have seen such opinions in all business papers almost and its coming from brands who are having to lower prices because of all of our complaints.

India is a country which has over 600M uneducated consumers who dont even understand what MRP means. These brands want that no consumer rights organisation should exist and the Govt and Judiciary have limited capacity to handle consumer issues.

Unless until DGAP NAA etc and many such organisations exist and function properly, we will all be in the hands of brands. Anti Profiteering term must be extended by atleast 2 years as gst is still evolving and according to me every state govt ministry of finance should have a working state antiprofiteering arm which is currently either non existent or defunct. more  

View all 11 comments Below 11 comments
Yes, it is a fact that Industry Lobby actively working against Anti-Profiteering authorities more  
the MRP fraud issue can be easily handled. Print the 'Price Used for GST purposes by Manufacturer'. Call this 'GST Price'. After this retailers cannot cheat us by threatening to charge 12 - 18% GST if we demand a bill. Insist on the bill. Then, he has to charge the printed MRP and pay GST on this (less Input GST) to the Govt, and declare this income to IT authorities. Or he has to charge a reasonable price and pay GST and IT based on real income. No one will pay Rs 100 for a product for which the 'GST Price' is only Rs 30!

And these GST prices are not actually a trade secret, because if you know the product code, you can get the 'GST Price' from certain GST websites. more  
This Government of India will not demolish the National Anti-profiteering Authority as through it they appropriate the undue charge of GST/CGST through assessment. Insofar as the assessment of the GST/CGST is concerned, it is fine but the same has got to be refunded to the consumers (unidentifiable) in CWF under Consumer Protection Act and appropriate the same to themselves for diversion to the Consolidated Fund of India or the Finance Act in violation of the Constitution.

With regard to the demand of the corporate bodies or the brands for abolition of the NAA, competition in the business will take care of their margins of profit. NAA may be abolished. more  
This needs to be escalated to the PM for his intervention. One issue of charging gst above discounted MRP has been reported hundered times but still not resolved and still in hands of brands. Need faster action. more  
MRP ? Tell me who understands how a brand or manufacturer fixes the MRP and who is the regulator who checks on whether the MRP has been properly calculated. Can any one shed some light on this? More that 99% of the consumers do not have any idea about how MRP is arrived at and who approves it.
You can understand all about the hollowness of the MRP if only you go to the local kiranawala and talk to him about the MRP. He will let you know that it is all bogus. He gets the material far far below the MRP and many companies even ask the retailers how much they want the MRP be printed.
The customer/consumer does not know at what rate the seller has been able to buy the material and how much profit he has been making on it.
One can come to know if your relative/close friend helps you to buy it at the cost price if he is the dealer himself. You will roll your eyes when you know the actual manufacturing cost.
Well this will be a very long story for this particular post. Hence, I close it at this.
The consumers have to grow into a very strong force if they want some ethical practices to be instilled into the manufacturers and businessmen. more  
Post a Comment

Related Posts

    • New GST rate reductions

      A uniform GST rate of 12 % will be levied on woven/non-woven polyethylene bags GST council cuts tax rates on job work in diamond industry to 1.5% from 5% In a major boost to gems and jewe...

      By Anil Mehta
      /
    • Tax cuts - corporates must reduce prices

      The attached tells u how much they can. All fmcgs can reduce price between 0.5% -3% Remains to be seen if they profiteer or pass on.

      By Sudesh Rai
      /
    • Complaint to GST online...

      How to submit online complaint to GST authorities for supplier not remitting GST and we cannot get ITC. Please suggest way out...

      By Vadiraj Bilgi
      /
    • Multiplexes getting booked for profiteering

      Seems like our complaints are leading to good actions. apparently NY Cinemas, PVR Cinemas and the Prasads Multiplex chains are all being investigated for profiteering for not passing gst benefits t...

      By Sridhar Mohan
      /
    • GST Rates Reduction and Profiteering Complaints

      GST law requires suppliers of goods and services to pass on any reduction in the rate of tax or the benefit of input tax credit by way of commensurate reduction in prices. If this is not done, a c...

      By National Anti Profiteering Authority (NAA)
      /
    • PVR cinepolis profiteering big time

      Everyone should report profiteering by multiplexes if observed. Find an old ticket of 2018 and one of 2019 PVR Cinemas and Cinepolis theatres are under the scanner of the anti-profiteeri...

      By Garima Sharma
      /
    • Haier profiteering

      Didnt the Govt of India change gst rates from 28% to 18% for refrigerators? Funny that brands like haier even 13 months after rate reduction maintain their mrp at 65000 NAA ki...

      By Garima Sharma
      /
    • Profiteering complaint must be extended to other products

      Folks of anti profiteering circle, please help me here. I have shared so many complaints about brands. And multiple for some brands. Chances are if a brand is profiteering and deciding not to pass ...

      By Garima Sharma
      /
    • Book PVR for profiteering

      If I am not mistaken earlier there was high entertainment tax. Now Gst is only 18% but ticket prices have not seen any reductions. I urge all members to share an ecopy of any tickets pu...

      By Rajesh Suri
      /
    • Nivea’s potential profiteering

      MRP of nivea shower gel stays at 349 whether gst rate was 28% or as now is 18% Need for enquiry please

      By Anil Mehta
      /
    • Anti Profiteering term extension

      Super delighted to read that term of anti profiteering body has been extended by 2 years. I really hope now all the complaints filed by me and many other members of circle will be taken on priority...

      By Garima Sharma
      /
Share To
Enter your email & mobile number and we will send you the instructions

Note - The email can sometime gets delivered to the spam folder, so the instruction will be send to your mobile as well

Please select a Circle that you want people to invite to.
Invite to
(Maximum 500 email ids allowed.)