Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
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Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

                trigger_error($message, E_USER_WARNING);

            } else {
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The authority will have the power to cancel registration of any entity or business if it fails to pass on the benefit of lower taxes under the GST regime to consumers.

New Delhi: THE UNION Cabinet on Thursday approved..."/>
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The authority will have the power to cancel registration of any entity or business if it fails to pass on the benefit of lower taxes under the GST regime to consumers.

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                            <div align="justify">-The Indian Express<br /><br /><em>The authority will have the power to cancel registration of any entity or business if it fails to pass on the benefit of lower taxes under the GST regime to consumers.<br /><br />New Delhi: </em>THE UNION Cabinet on Thursday approved the setting up of a National Anti-Profiteering Authority, a body with an overarching mandate to ensure that the reduction in tax rates under the new Goods and Services Tax (GST) regime gets passed on to consumers by way of lower prices.<br /><br />The anti-profiteering framework under the new indirect tax regime consists of the National Anti-Profiteering Authority at the top, a standing committee, screening committees in every state and Directorate General of Safeguards in the Central Board of Excise &amp; Customs (CBEC).<br /><br />The authority will have the power to cancel registration of any entity or business if it fails to pass on the benefit of lower taxes under the GST regime to consumers, and empowers consumers to approach it in case of any complaint.<br /><br />The move comes in the backdrop of the GST Council&rsquo;s announcement last week of a cut in the rates of over 200 items, as well as a cut in the GST rate for all restaurants, barring those in starred hotels, to 5 per cent.<br /><br />The Indian Express had reported on Wednesday that as per the internal estimates, although the big restaurants were claiming about 6-7 per cent of the GST rate as input tax credit (ITC) on overheads such as rent, they were not transferring the benefits to consumers by way of lower prices. This, alongside the high tax rate on eating out, had triggered the decision by the Council to cut the GST rate on restaurants and abolish the ITC.<br /><br />Consumer goods companies such as P&amp;G and Marico have instructed their dealers to facilitate downward revision of prices for stock in trade with immediate effect, amid concerns that the government may invoke anti-profiteering provisions if they do not slash prices in line with last week&rsquo;s announcement.<br /><br />Please <a href="http://indianexpress.com/article/business/economy/gst-rate-cut-gst-on-food-restaurant-bill-arun-jiatley-ravi-shankar-prasad-national-anti-profiteering-authority-4941203/" title="http://indianexpress.com/article/business/economy/gst-rate-cut-gst-on-food-restaurant-bill-arun-jiatley-ravi-shankar-prasad-national-anti-profiteering-authority-4941203/">click here</a> to read more. </div><div align="justify">&nbsp;</div>                                                           
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                            <div align="justify">-The Indian Express<br /><br /><em>The authority will have the power to cancel registration of any entity or business if it fails to pass on the benefit of lower taxes under the GST regime to consumers.<br /><br />New Delhi: </em>THE UNION Cabinet on Thursday approved the setting up of a National Anti-Profiteering Authority, a body with an overarching mandate to ensure that the reduction in tax rates under the new Goods and Services Tax (GST) regime gets passed on to consumers by way of lower prices.<br /><br />The anti-profiteering framework under the new indirect tax regime consists of the National Anti-Profiteering Authority at the top, a standing committee, screening committees in every state and Directorate General of Safeguards in the Central Board of Excise &amp; Customs (CBEC).<br /><br />The authority will have the power to cancel registration of any entity or business if it fails to pass on the benefit of lower taxes under the GST regime to consumers, and empowers consumers to approach it in case of any complaint.<br /><br />The move comes in the backdrop of the GST Council&rsquo;s announcement last week of a cut in the rates of over 200 items, as well as a cut in the GST rate for all restaurants, barring those in starred hotels, to 5 per cent.<br /><br />The Indian Express had reported on Wednesday that as per the internal estimates, although the big restaurants were claiming about 6-7 per cent of the GST rate as input tax credit (ITC) on overheads such as rent, they were not transferring the benefits to consumers by way of lower prices. This, alongside the high tax rate on eating out, had triggered the decision by the Council to cut the GST rate on restaurants and abolish the ITC.<br /><br />Consumer goods companies such as P&amp;G and Marico have instructed their dealers to facilitate downward revision of prices for stock in trade with immediate effect, amid concerns that the government may invoke anti-profiteering provisions if they do not slash prices in line with last week&rsquo;s announcement.<br /><br />Please <a href="http://indianexpress.com/article/business/economy/gst-rate-cut-gst-on-food-restaurant-bill-arun-jiatley-ravi-shankar-prasad-national-anti-profiteering-authority-4941203/" title="http://indianexpress.com/article/business/economy/gst-rate-cut-gst-on-food-restaurant-bill-arun-jiatley-ravi-shankar-prasad-national-anti-profiteering-authority-4941203/">click here</a> to read more. </div><div align="justify">&nbsp;</div>                                                           
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    <br><a href="http://indianexpress.com/article/business/economy/gst-rate-cut-gst-on-food-restaurant-bill-arun-jiatley-ravi-shankar-prasad-national-anti-profiteering-authority-" class="re" target="_blank">The Indian Express, 17 November, 2017, http://indianexpress.com/article/business/economy/gst-rate-cut-gst-on-food-restaurant-bill-arun-jiatley-ravi-shankar-prasad-national-anti-profiteering-authority-</a><div class="clear"></div>
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The authority will have the power to cancel registration of any entity or business if it fails to pass on the benefit of lower taxes under the GST regime to consumers.

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The authority will have the power to cancel registration of any entity or business if it fails to pass on the benefit of lower taxes under the GST regime to consumers.

New Delhi: THE UNION Cabinet on Thursday approved..." />
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                            <div align="justify">-The Indian Express<br /><br /><em>The authority will have the power to cancel registration of any entity or business if it fails to pass on the benefit of lower taxes under the GST regime to consumers.<br /><br />New Delhi: </em>THE UNION Cabinet on Thursday approved the setting up of a National Anti-Profiteering Authority, a body with an overarching mandate to ensure that the reduction in tax rates under the new Goods and Services Tax (GST) regime gets passed on to consumers by way of lower prices.<br /><br />The anti-profiteering framework under the new indirect tax regime consists of the National Anti-Profiteering Authority at the top, a standing committee, screening committees in every state and Directorate General of Safeguards in the Central Board of Excise &amp; Customs (CBEC).<br /><br />The authority will have the power to cancel registration of any entity or business if it fails to pass on the benefit of lower taxes under the GST regime to consumers, and empowers consumers to approach it in case of any complaint.<br /><br />The move comes in the backdrop of the GST Council&rsquo;s announcement last week of a cut in the rates of over 200 items, as well as a cut in the GST rate for all restaurants, barring those in starred hotels, to 5 per cent.<br /><br />The Indian Express had reported on Wednesday that as per the internal estimates, although the big restaurants were claiming about 6-7 per cent of the GST rate as input tax credit (ITC) on overheads such as rent, they were not transferring the benefits to consumers by way of lower prices. This, alongside the high tax rate on eating out, had triggered the decision by the Council to cut the GST rate on restaurants and abolish the ITC.<br /><br />Consumer goods companies such as P&amp;G and Marico have instructed their dealers to facilitate downward revision of prices for stock in trade with immediate effect, amid concerns that the government may invoke anti-profiteering provisions if they do not slash prices in line with last week&rsquo;s announcement.<br /><br />Please <a href="http://indianexpress.com/article/business/economy/gst-rate-cut-gst-on-food-restaurant-bill-arun-jiatley-ravi-shankar-prasad-national-anti-profiteering-authority-4941203/" title="http://indianexpress.com/article/business/economy/gst-rate-cut-gst-on-food-restaurant-bill-arun-jiatley-ravi-shankar-prasad-national-anti-profiteering-authority-4941203/">click here</a> to read more. </div><div align="justify">&nbsp;</div>                                                           
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    <br><a href="http://indianexpress.com/article/business/economy/gst-rate-cut-gst-on-food-restaurant-bill-arun-jiatley-ravi-shankar-prasad-national-anti-profiteering-authority-" class="re" target="_blank">The Indian Express, 17 November, 2017, http://indianexpress.com/article/business/economy/gst-rate-cut-gst-on-food-restaurant-bill-arun-jiatley-ravi-shankar-prasad-national-anti-profiteering-authority-</a><div class="clear"></div>
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Home हिन्दी

GST rate cut: Union Cabinet gives nod, monitor will guard against profiteering -Aanchal Magazine

Published on Nov 17, 2017   Modified on Nov 17, 2017

-The Indian Express The authority will have the power to cancel registration of any entity or business if it fails to pass on the benefit of lower taxes under the GST regime to consumers. New Delhi: THE UNION Cabinet on Thursday approved the setting up of a National Anti-Profiteering Authority, a body with an overarching mandate to ensure that the reduction in tax rates under the new Goods and Services Tax (GST) regime gets passed on to consumers by way of lower prices. The anti-profiteering framework under the new indirect tax regime consists of the National Anti-Profiteering Authority at the top, a standing committee, screening committees in every state and Directorate General of Safeguards in the Central Board of Excise & Customs (CBEC). The authority will have the power to cancel registration of any entity or business if it fails to pass on the benefit of lower taxes under the GST regime to consumers, and empowers consumers to approach it in case of any complaint. The move comes in the backdrop of the GST Council’s announcement last week of a cut in the rates of over 200 items, as well as a cut in the GST rate for all restaurants, barring those in starred hotels, to 5 per cent. The Indian Express had reported on Wednesday that as per the internal estimates, although the big restaurants were claiming about 6-7 per cent of the GST rate as input tax credit (ITC) on overheads such as rent, they were not transferring the benefits to consumers by way of lower prices. This, alongside the high tax rate on eating out, had triggered the decision by the Council to cut the GST rate on restaurants and abolish the ITC. Consumer goods companies such as P&G and Marico have instructed their dealers to facilitate downward revision of prices for stock in trade with immediate effect, amid concerns that the government may invoke anti-profiteering provisions if they do not slash prices in line with last week’s announcement. Please click here to read more.

The Indian Express, 17 November, 2017, http://indianexpress.com/article/business/economy/gst-rate-cut-gst-on-food-restaurant-bill-arun-jiatley-ravi-shankar-prasad-national-anti-profiteering-authority-

Tagged with: Goods and Services Tax Goods and Services Tax (GST) National Anti-Profiteering Authority

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