National

Maharana Pratap was greater than Akbar: UP Chief Minister

Yogi

It was not Akbar, but Rajput king Maharana Pratap who stood up to the might of the Mughal Army, Uttar Pradesh Chief Minister Yogi Adityanath has said.

Speaking at a function to mark the Maharana Pratap Jayanti on Thursday, he asserted, “It was not the Mughal emperor Akbar, but Maharana Pratap who was great for he displayed exemplary courage in the face of the might of the Mughal army.

“It is not important as to who won the Battle of Haldighati…what is important is who stood up to the most powerful army of those times…Maharana Pratap displayed the courage and valour which is rare in history…the battle continued for years in the hills of Aravalli, and finally after winning back all his forts, it was proved that it is was not Akbar, but Maharana Pratap who was great,” he said.

It is a popular view of historians that the forces of Mughal emperor Akbar had defeated Maharana Pratap in the battle of Haldighati in 1576.

“He (Maharana)… guarded the self-respect and honour of the country through his bravery and valour even in that phase of history,” Adityanath said.

The chief minister added that the Rajput king was relevant even today.

Adityanath also released a special edition of RSS magazine Avadh Prahri on the occasion.

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Business & Finance

Funds collected under GST anti-profiteering rules to be split between Centre, state

News Desk

Centre and the ‘concerned state’ will equally share the amount deposited by erring businesses in the consumer welfare fund set up as part of the GST anti-profiteering rules, as per a Finance Ministry notification.
Following the rollout of GST in July last year, the government set up a national anti-profiteering authority to penalise businesses for failure to pass on tax benefits to consumers. In case the customer is not identifiable, the money has to be deposited in the consumer welfare fund.

The ministry has amended Central GST rules stating that 50 per cent of the amount is to be deposited in the consumer welfare fund constituted by the Centre and the remaining to the fund set up by the ‘concerned state’.

As per the amendment, the ‘concerned state’ would mean the state where the anti-profiteering authority has passed its order against the business.

So far, CGST rules did not clearly state on the splitting of the amount collected from erring businesses and consequently deposited in the fund.

As per the structure of the anti-profiteering mechanism, complaints of local nature are first sent to the state-level screening committee while those of national level are marked for the Standing Committee.

If the complaints have merit, the respective committees would refer the cases for further investigation to the Directorate General of Anti-Profiteering.

The Directorate would generally take about three months to complete the investigation and send the report to the anti-profiteering authority.

If the authority finds that a company has not passed on GST benefits, it will either direct the entity to pass on the benefits to consumers or if the beneficiary cannot be identified will ask the company to transfer the amount to the consumer welfare fund within a specified timeline.

The authority also has the power to cancel the registration of any entity or business if it fails to pass on to consumers the benefit of lower taxes under the GST regime, but it would probably be the last step against any violator.

According to the anti-profiteering rules, the authority will suggest the return of the undue profit earned from not passing on the benefits to consumers along with an 18 per cent interest as also impose a penalty.

In case the consumer is not identifiable, the penal amount would have to be deposited to the consumer welfare fund.

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