GST: Firms Face Ban for Not Sending Out GST Benefits to Consumers.

The Government has endangered to cancel the registration of entities that do not pass on gains from GST to consumers. The cancellation of registration is in addition to the Power to levy penalty that was suggested under the Law. The Government has repeatedly threatened to invoke Anti-Profiteering provisions to ensure that gains of GST by … Continue reading “GST: Firms Face Ban for Not Sending Out GST Benefits to Consumers.”

Customers who do not have the benefit of GST will be canceled

The traders who do not give customers less tax benefits under the Goods and Services Tax (GST) will have to face penalties and their licenses can be canceled. Under the new anti-profit rules issued on Tuesday, the five-member National Anti-Profit Authority has been empowered to compel the reduced price of low tax.

HOW MAHA – RERA PROVIDES GREAT TRANSPARENCY TO REAL ESTATE SECTOR

Government of Maharashtra notified RERA rules and established Maharashtra Real Estate Regulatory Authority (Maha-RERA), vide Notification dated 8 March 2017, for regulation and promotion of real estate sector in the State of Maharashtra.

Now, pay service charge in restaurants at your discretion

Restaurants associations are advising their members across India to sensitise customers about service charges after the Department of Consumer Affairs said the payment was not mandatory. Service charges billed by restaurants are optional and it is up to the customers to pay it, the department said on Monday. The department cited complaints that hotels and … Continue reading “Now, pay service charge in restaurants at your discretion”

RBI precautions for bank accounts under Jan Dhan Yojana

For protecting the innocent farmers and rural account holders of PMJDY from activities of money launders and legal consequences under the Benami Property Transaction & Money Laundering laws, RBI has been decided to place certain limits, as a matter of precaution, on the operations in the PMJDY accounts funded through deposits of Specified Bank Notes … Continue reading “RBI precautions for bank accounts under Jan Dhan Yojana”