Mumbai58 minutes agoAuthor: Gurudutt Tiwari
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The central government has announced a cut in GST rates from 22 September. In such a situation, whether the prices decreased or not, it will also be strictly monitored. Field officers of Central and State GST department will conduct sudden inspection in the market.
They will buy things whose prices have been announced. If it is found that prices were not reduced according to the tax deduction, then the tax credit to the shopkeepers can be blocked.
This means that the merchant will not be able to accommodate the GST paid on the goods or services he has purchased on its sale. That is, he will have to pay more as tax.
A list will be made in every city and town for surveillance, this will be investigated by this According to the notice sent by the Central GST department, a list of 54 such things has been made. One kind of things have been placed in one place in the list. Like all types of dry fruits are kept together. Similarly, all types of stationery books have been kept in one place.
The idea is that these things will be found at one place. All the kitchen utensils, toilet and domestic work items have been kept in one place. Officers have been given a list of these 54 products. They have been asked to find out the current price of all the goods and find out. After 22, they have to mark the price after the second table cut. This list will be made in every city and town. Where prices are not reduced, the department will take appropriate action against those shopkeepers. In the graphics, see how much tax the government has taxed on what items.
Government is refunding tax rapidly to companies Vivek Johri, former chairman of the Central Board of Indirect Tax and Customs (CBIC), said that the government has clearly said that it would trust companies to bring the benefits of reduced GST to the common man. For this, the government is rapidly doing tax refunds of companies in a very short time.
However, the government is monitoring its level. He has sent a list to 54 things to all the principal chief commissioners of CGST. They have been asked to monitor the rate in the market. If in two-three weeks, customers’ complaints or at their own level were found that the common man does not get the benefit of GST cut, then special audit orders of companies can be placed.
78% of the people said- the responsibility of these brands to the common man should get the benefit of tax deduction Bhaskar News. New Delhi | There is a big difference regarding how much the benefit of cuts in GST rates has reached the consumers. It is clear from the recent survey of LocalScles that only 2 out of 10 consumers saw a decrease in prices in 2018-19, while half people felt that manufacturers, distributors or retailers have benefited themselves. Interestingly, 8 out of 10 consumers want brands to create a concrete system, making shopkeepers lower price.
Question 1: After the GST deduction of 2018-19, whose biggest role was in not benefiting consumers?
- 26% said- the manufacturer did not reduce MRP, no discount was given.
- 15% said- the retailer did not benefit us.
- 9% people said- distributor/stockist did not benefit the retailer
- 9% said- MRP was reduced, which benefited
- 9% said- Manufactures did not reduce MRP, got exemption from retailer
- 32% said- Fixed reply was not found
(18,897 people gave their opinion)
Question 2: Should brands themselves create a monitoring system that the retailer is giving the benefit of rate deduction to customers?
- 78% said- Yes, it is necessary
- 13% said – No, the government should do this
- 5% said- It is not absolutely necessary to do so
- 4% said- Not sure
The challenge is also not … there is no anti-Profiting Authority. Under the Consumer Protection Act 2019, not passing the benefit is not in the category of ‘unfair trade practice’, so it is dependent on the brands whether the benefit has gone or not.
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