2019-06-29_Corporate_Professional_Today

(coco) #1

459


June 29 To July 5, 2019 u Taxmann’s Corporate Professionals Today u Vol. 45 u 47

Sr.
no

Relevant State
or UT

Total
Applications

Total
Disposal

Pending
Applications

Contribution in
total applications

Disposal %

4 Delhi 81 18 63 9% 22%
5 Tamil Nadu 77 39 38 9% 51%
Total 544 226 318 62% 42%

For Appellate Authority for Advance Ruling



  1. Total no of applications filed and disposal rate


Sr. no Relevant State or UT Total Applications Total Disposal Pending Applications Disposal %
1 All States including
Union Territories

100 73 27 73%


  1. Top 5 States filing application till April, 2019


Sr.
no

Relevant State
or UT

Total
Applications

Total
Disposal

Pending
Applications

Contribution in
total applications

Disposal
%
1 Maharashtra 36 26 10 36% 72%
2 West Bengal 17 9 8 17% 53%
3 Karnataka 10 9 1 10% 90%
4 Rajasthan 10 7 3 10% 70%
5 Gujarat 7 7 0 7% 100%
Total 80 58 22 80% 73%

Constitution of Anti-profiteering


Authority


The Anti-profiteering Authority has been
constituted to ensure that benefit of reduced
tax rates on goods and services under GST
should be passed on to the end-consumers.
The GST laws provides that the suppliers
of goods and services must pass on any
reduction in the rate of tax or the benefit
of input tax credit to consumers by way of
commensurate reduction in prices. If he failed
to do so, the buyer of goods or services
can approach the National Anti-profiteering
Authority. The authority shall initiate an
investigation against the allegations raised


by the customer. During the investigation,
if it is found that the supplier was engaged
in profiteering activity by not passing the
benefit of reduction in tax rates, it can pass
an order to direct the supplier to reduce the
prices, return the amount to the recipient with
interest at the rate of 18% or impose penalty.
Till date the authority has passed 66 orders
in respect of applications filed against the
suppliers for being engaged in profiteering
activities. The outcome of these applications
have been disclosed below.

Sr. no Relevant State or UT Total
Applications
Disposed

Suppliers found
profiteering and
penalty levied

No profiteering
found and penalty
not levied

% of applicant
in which
Penalty levied
1 All States including
Union Territories

66 27 39 41%

RISING GRAPH OF LITIGATIONS UNDER GST
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