By Emily Fisher, Head Coach, Mount Union College @purpleraiders My approach to coaching and empowering young women shifted this past year as our family faced new hardships and adversity. The experience naturally brought about deep reflection and evaluation of what we do and why we do it. This fall my brother was diagnosed with cancer. […]
RBI said that the divestment has been done on the recommendation of the second Narasimham committee report and the discussion paper prepared by the RBI on ‘harmonizing the role and operations of development financial institutions and banks. from Top Business News- News18.com http://bit.ly/2Vg3KCn
Hi! Hey! How are ya? Sorry its been a little bit since the last post my brain space has been pre-occupied with all kinds of less fun things. This does not mean however that the world of music has slowed down in the slightest! So, lets get into it! #1. Julia Jacklin. “Crushing” I first […]
mar´ij : Introduction, Scope and Viewpoint of the Present Article 1. Marriage among the Hebrews 2. Betrothal the First Formal Part 3. Wedding Ceremonies 4. Jesus’ Sanction of the Institution 5. His Teaching concerning Divorce LITERATURE It would be interesting to study marriage biologically and sociologically, to get the far and near historical and social […]
via Top Business News- News18.com http://bit.ly/2Vg3KCn
Lyra McKee’s death last week shocked us all. Today as her funeral takes place, we share in the collective grief and sadness at the loss of a friend of our union. Yet I can think of no better words to sum up our feelings than those used by our Northern Ireland Regional Secretary Patricia McKeown. […]
My name is Greta Thunberg. I am 16 years old. I come from Sweden. And I speak on behalf of future generations. I know many of you don’t want to listen to us – you say we are just children. But we’re only repeating the message of the united climate science. Many of you appear concerned that we […]
Responding to renewed government commitments to tackle violence against NHS staff today (Wednesday), UNISON head of health Sara Gorton said: “Tackling the shocking level of violence against health staff requires more than just warm words. Last year’s commitments to reduce harm to staff were welcome, but several months on we are still waiting for details of a comprehensive […]
I know that Vitamin C is key to our health in so many ways, but this is the first time I’ve read about how important it can be to heart health. Plus, it’s alarming and mind-boggling to read how the statistics for heart disease have grown so much in a short period of time! […]
FILE PHOTO: The logo for Procter & Gamble Co. is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., June 27, 2018. REUTERS/Brendan McDermid
April 24, 2019
NEW DELHI (Reuters) – Indian tax authorities have alleged U.S. consumer goods maker Procter & Gamble did not pass on more than $35 million in tax benefits which were meant to have gone to its customers, a senior government official told Reuters on Wednesday.
Separately, the authorities are also investigating South Korea’s Samsung Electronics, the official added.
India’s National Anti-Profiteering Authority, a quasi-judicial body set up following the rollout of the Goods and Services Tax in 2017, found P&G had not reduced its prices on many products after a cut in tax rates on those items, said the official, who spoke on condition of anonymity.
P&G told Reuters it denied the allegation.
“We have passed the net benefit and communicated the same via advertising in mass media. As a responsible corporate, P&G has always been committed to passing the net benefit of GST rate reduction to the consumers,” it said in a statement.
Samsung said it had acted in accordance with the rules.
“Samsung reduced its sales price according to GST (Goods and Services Tax) reduction with effect from January 1, 2019. We are cooperating with DGAP (Directorate General of Anti Profiteering) on this matter,” the company said in a statement.
Under Indian law, companies had to pass on the benefits to customers after the government reduced the tax rate to 18 percent from 28 percent, and to 5 percent from 12 percent on many consumer durables and FMCGs (fast-moving consumer goods).
“P&G has been issued a notice to submit its reply on April 29 and explain why action should not be taken against it,” the official, with direct knowledge of the inquiry, told Reuters.
The authority will pass a final order in the next three months, the official added.
After an initial investigation, companies are given an opportunity to defend themselves before the authority passes a final order, which can be challenged in India’s higher courts.
($1 = 69.9510 Indian rupees)
(Reporting by Manoj Kumar in NEW DELHI, Sankalp Phartiyal in MUMBAI and Nivedita Bhattacharjee in BENGALURU; Editing by Alexander Smith)
By David Hearne, Researcher, Centre for Brexit Studies, Birmingham City University In recent months, Brexit has been all-consuming. This has certainly been true for us at the Centre for Brexit Studies, but it has also been true for Government – from the top echelons down. In recent months we’ve seen a draft Withdrawal Agreement published […]
Erin Heffernan St. Louis Post-Dispatch ST. LOUIS, Mo. — The St. Louis Fire Department will be featured on cable television for the next eight Monday nights in a real-time documentary series premiering on A&E. The show “Live Rescue,” from the producers of “Live PD,” follows firefighters, paramedics and EMTs from seven cities live as they […]
Last night was a tough one. After our early morning, hot day, and late night I was all done in. I got cleaned up, packed up what I could, and then sat down to work on my blog. I literally fell asleep typing. I was that tired. Even knowing that it was going to put […]