NEW DELHI: Hardcastle Restaurants, McDonald's franchisees for West and South India, retailer Lifestyle and a Honda broker are among entities which are going through anti profiteering motion for not passing on the features of Goods and Services Tax (GST) to consumers.
The DG Safeguards issued notices to a minimum of five entities, including Gurgaon realtor Pyramid Infratech and Jaipur-based entity, Sharma Trading, for allegedly charging 28 consistent with cent tax on Vaseline when the tax price have been slashed to 18 consistent with cent on November 15. But it's the case in opposition to Hardcastle Restaurants, which will shake the sector, because the probe is based on a complaint that the price of a cup of coffee allegedly remained unchanged at Rs 142 regardless of the federal government reducing GST from 18 consistent with cent to 5 consistent with cent.
Several restaurants had higher menu costs, leading to a situation the place the gain to the buyer was once reduced, a transfer that did not pass down neatly with the federal government. While the notice beginning investigation was once issued by way of DG Safeguards on December 29, Hardcastle Restaurants mentioned: "We have not gained the sort of verbal exchange.
As a law-abiding company citizen, we're compliant with all applicable rules, and will respond to the sort of query as and when it's gained by way of us." The complaint in opposition to Lifestyle International pertains to the retailer's outlet in a Ghaziabad mall allegedly charging 28 consistent with cent GST on November 22, when the obligation have been reduced to 18 consistent with cent per week earlier.
The Lifestyle International declined to comment. Similarly, the notice issued to Pyramid Infratech has mentioned that 36 patrons have accused the builder of not passing on the benefit of input tax credit score to them, which might have lowered the whole attention for residences booked underneath the Haryana Affordable Housing Scheme. In addition, there is a complaint in opposition to Bareilly-based car broker accusing it of charging higher taxes when a Honda car booked in April was once delivered in July, after GST have been implemented.
In all circumstances, the lawsuits have been vetted by way of the standing committee on antiprofiteering, for which a penalty has been prescribed in the law to be sure that dealers pass on the benefits of lower taxes to consumers or don't overcharge tax. All the entities have been asked to publish documents and replies.
The DG Safeguards issued notices to a minimum of five entities, including Gurgaon realtor Pyramid Infratech and Jaipur-based entity, Sharma Trading, for allegedly charging 28 consistent with cent tax on Vaseline when the tax price have been slashed to 18 consistent with cent on November 15. But it's the case in opposition to Hardcastle Restaurants, which will shake the sector, because the probe is based on a complaint that the price of a cup of coffee allegedly remained unchanged at Rs 142 regardless of the federal government reducing GST from 18 consistent with cent to 5 consistent with cent.
Several restaurants had higher menu costs, leading to a situation the place the gain to the buyer was once reduced, a transfer that did not pass down neatly with the federal government. While the notice beginning investigation was once issued by way of DG Safeguards on December 29, Hardcastle Restaurants mentioned: "We have not gained the sort of verbal exchange.
As a law-abiding company citizen, we're compliant with all applicable rules, and will respond to the sort of query as and when it's gained by way of us." The complaint in opposition to Lifestyle International pertains to the retailer's outlet in a Ghaziabad mall allegedly charging 28 consistent with cent GST on November 22, when the obligation have been reduced to 18 consistent with cent per week earlier.
The Lifestyle International declined to comment. Similarly, the notice issued to Pyramid Infratech has mentioned that 36 patrons have accused the builder of not passing on the benefit of input tax credit score to them, which might have lowered the whole attention for residences booked underneath the Haryana Affordable Housing Scheme. In addition, there is a complaint in opposition to Bareilly-based car broker accusing it of charging higher taxes when a Honda car booked in April was once delivered in July, after GST have been implemented.
In all circumstances, the lawsuits have been vetted by way of the standing committee on antiprofiteering, for which a penalty has been prescribed in the law to be sure that dealers pass on the benefits of lower taxes to consumers or don't overcharge tax. All the entities have been asked to publish documents and replies.
Lifestyle, McD in dock for charging higher GST
![Lifestyle, McD in dock for charging higher GST]()
Reviewed by Kailash
on
January 04, 2018
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