GST Profiteering- Is National Anti-Profiteering Authority an eye-wash or dedicated efforts
GST Profiteering- Is National Anti-Profiteering Authority an eye-wash or dedicated efforts Couple of articles on the subject have been posted in this blog. One such article of relevance was written on 25th May 2018 with title as: National Anti-Profiteering Authority- Is it really effective in handling complaints of profiteering https://skvirmani-jagograhak.blogspot.com/2018/05/national-anti-profiteering-authority-is.html There have been number of posts alleging profiteering by the industry post implementation of GST. I had also initially brought out a case where the restaurant had adopted to profiteering on the pretext of GST whereas the GST should have reduced the prices by around 10%. on the contrary, the restaurant had increased the prices by about 40 to 50% just immediately after GST. The reason of increase in prices just next day of GST implementation was cited as GST. No action has been taken by the National Anti-Profiteering Authority. It is also a fact that th...