Companies are free to raise prices of products and services as per their business cycle without fear of getting caught in the anti-profiteering provision in the Goods and Services Tax (GST) law once they have passed on the benefit of tax rate cuts to consumers, said a government official. The clarification from the official, who has knowledge of how the National Anti-profiteering Authority (NAA) and its investigative arm work, comes at a time when ambiguity in the law and the recent extension of the profiteering watchdog’s tenure as well as an increase in penalty for violation have led to concerns that the pricing liberty of businesses stands curtailed.

Publication : Livemint 

Date : August 5, 2019

Prospective entrepreneurs can build a successful e-commerce business with some effort, the right marketing methods, and a quality product. Business owners can enter the e-commerce industry on a small scale with a relatively limited budget, but they can also grow their businesses into significant operations over time. Since online businesses eliminate many challenges, like the staffing and management of a physical retail location, it makes sense for many entrepreneurs to pursue online businesses.

Publication: Boss Magazine

Date: August 5, 2019