That it is absolutely right felt, 'the
government is slashing the rate of GST on many goods and the benefits of it is
not accessing up to you'.
The government has also taken it in
cognizance after several complaint that the companies are not providing the
benefits of GST up to customers, and which is resulting of high rates on goods
despite the slashing in tax rates. The government is now going to tight the
profiteers behind the GST.
The Union government has approved to
constitute an Anti-profiteering Authority on Thursday this week. There will be
experts immediately in this group—namely, a chairman and technical members.
This government authority will monitor those persons who are usurping the
benefits of GST and evading giving its benefits to the customers. The authority
will take action against such activities.
The slashed rates on GST have been
implemented on many goods 15th November.
The Union Minister, Ravi Shankar Prasad, said that the government
cutting the rate on GST has freed various commodities from the purview of 28%
GST and brought it into 5%. The provision has been implemented over the use of
common people. The government has signaled by this step that it will keep its
promise to make this benefits accessing to the common men.
Incase people felt that the benefits of GST are not being availed;
they shall be able to complain to Anti Profiteering Authority. NAA will have an
officer in secretary rank for the post of chief, and it will also have four
technical members who may be from centre or of state. There will be a standing
committee and a screening committee in the states.
If the customers feel that the
benefits of GST are not being availed, they can complain it to its state
screening committee; but the profiteering case should be in such manner that
may have affected to the many people or it may affect the country. this can be
complaint to standing committee. The investigation of grievance shall be done
by the Director General of Safeguard under CBEC and will submit it to NAA which
will take proper action.
If the complaint is
found correct by NAA, it can order to reduce the rate; and incase NAA
contemplates the matter serious, it can impose the fines. the registration of
GST can be cancelled in the most serious type matters.
