Anti-profiteering under GST - Taxsutra Reservoir

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Anti-profiteering under GST

Anti-profiteering under GST

by Taxsutra
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Course Expiry: 1 year
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Episode Duration:
70 minutes

Episode Background:

The keenly awaited hearing in front of Delhi High Court with respect to Anti-profiteering provisions has been deferred to 15th February, 2021, after multiple scheduled rounds planned in December, 2020 as well as January, 2021. Across industries, as many as 50 India Inc. have raised a challenge with respect to constitutional legitimacy of the anti-profiteering provisions under GST Act, 2017. The said hearing would surely be momentous since numerous judgments have been passed by the anti-profiteering authorities instructing companies to pass on the benefits to customers including levying raucous penalty.

Some of the burgeoning questions:

  • One of the most contentious aspects in this context is whether Section 171 is a perpetual section in law or not?
  • If business teams of companies need to bear in mind the implications of Section 171 always in addition to others pricing laws prevalent in India?
  • Whilst the third anniversary of GST has already been celebrated, would there be any further extension to the tenure of Anti-Profiteering authorities which was originally being introduced only for two years and further extended by another two years?
  • Will there be any further leeway to conclude the assessments under section 171 beyond 31st March, 2021?

Whilst the session would endeavor to answer the above quoted brain storming questions, the webinar would touch upon other various aspects as well, such as:

  • Imperatives of bringing section 171 in GST Law;
  • Repercussions of non-compliance with the provisions of anti-profiteering;
  • Judicial Rigmarole;
  • Briefing on steps to comply with the Law including institutionalising the process.

What shall the episode cover?
With this backdrop, Taxsutra presents a unique episode answering all the questions which pops up in one’s mind surrounding the provision of “Anti-profiteering under GST” with TMSL – A Tax Technology Firm & Ethican Advisors. The episode brings together Mr. Jigar Doshi [Founding Partner, TMSL] and Mr. Anish Tripathi [Founder, Ethican Advisors]
 

Categories: e-Learning, GST and Indirect Taxation
Publisher: Taxsutra
About Publisher:

Taxsutra is considered the most credible source of tax news in the tax fraternity. What started as a fledgling start-up has now become a leading brand in the tax world not only in India, but across the globe. Taxsutra's diverse customer set includes Fortune 500 Companies, large Indian Business Groups, Global Conglomerates, Tax Judges, IRS Officers, CBDT, Tax Lawyers & thousands of tax practitioners.

Taxsutra suite of portals : 

1. Real time tax news & analysis for Corporate Tax (www.taxsutra.com) 
2. Transfer Pricing Portal (www.tp.taxsutra.com)
3. GST and Central Indirect Taxes Portals (www.gstsutra.com - www.idt.taxsutra.com)
4. "Taxsutra Database" - Powerful Online Direct Tax Reference and Search Tool (www.database.taxsutra.com)
5. LawStreetIndia (LSI) (www.lawstreetindia.com) contains sub-modules on Company law, Securities law (SEBI/SAT), FEMA, IP laws & Competition Law 
6.  Taxsutra Accounting Standards portal (Ind-AS) (www.greentick.taxsutra.com)

Author: Taxsutra

Similar Books

Ratings and Reviews

Overall Rating
Review
About Course:

Episode Duration:
70 minutes

Episode Background:

The keenly awaited hearing in front of Delhi High Court with respect to Anti-profiteering provisions has been deferred to 15th February, 2021, after multiple scheduled rounds planned in December, 2020 as well as January, 2021. Across industries, as many as 50 India Inc. have raised a challenge with respect to constitutional legitimacy of the anti-profiteering provisions under GST Act, 2017. The said hearing would surely be momentous since numerous judgments have been passed by the anti-profiteering authorities instructing companies to pass on the benefits to customers including levying raucous penalty.

Some of the burgeoning questions:

  • One of the most contentious aspects in this context is whether Section 171 is a perpetual section in law or not?
  • If business teams of companies need to bear in mind the implications of Section 171 always in addition to others pricing laws prevalent in India?
  • Whilst the third anniversary of GST has already been celebrated, would there be any further extension to the tenure of Anti-Profiteering authorities which was originally being introduced only for two years and further extended by another two years?
  • Will there be any further leeway to conclude the assessments under section 171 beyond 31st March, 2021?

Whilst the session would endeavor to answer the above quoted brain storming questions, the webinar would touch upon other various aspects as well, such as:

  • Imperatives of bringing section 171 in GST Law;
  • Repercussions of non-compliance with the provisions of anti-profiteering;
  • Judicial Rigmarole;
  • Briefing on steps to comply with the Law including institutionalising the process.

What shall the episode cover?
With this backdrop, Taxsutra presents a unique episode answering all the questions which pops up in one’s mind surrounding the provision of “Anti-profiteering under GST” with TMSL – A Tax Technology Firm & Ethican Advisors. The episode brings together Mr. Jigar Doshi [Founding Partner, TMSL] and Mr. Anish Tripathi [Founder, Ethican Advisors]
 

Categories: e-Learning, GST and Indirect Taxation
Publisher: Taxsutra
About Publisher:

Taxsutra is considered the most credible source of tax news in the tax fraternity. What started as a fledgling start-up has now become a leading brand in the tax world not only in India, but across the globe. Taxsutra's diverse customer set includes Fortune 500 Companies, large Indian Business Groups, Global Conglomerates, Tax Judges, IRS Officers, CBDT, Tax Lawyers & thousands of tax practitioners.

Taxsutra suite of portals : 

1. Real time tax news & analysis for Corporate Tax (www.taxsutra.com) 
2. Transfer Pricing Portal (www.tp.taxsutra.com)
3. GST and Central Indirect Taxes Portals (www.gstsutra.com - www.idt.taxsutra.com)
4. "Taxsutra Database" - Powerful Online Direct Tax Reference and Search Tool (www.database.taxsutra.com)
5. LawStreetIndia (LSI) (www.lawstreetindia.com) contains sub-modules on Company law, Securities law (SEBI/SAT), FEMA, IP laws & Competition Law 
6.  Taxsutra Accounting Standards portal (Ind-AS) (www.greentick.taxsutra.com)

Author: Taxsutra

Similar Books

Ratings and Reviews

Overall Rating
Review
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