To highlight, ultimately consumer rights safeguarding and taxation has its’s importance in colorful, possessing diversifying nature and extensive geographical area of India. They are important for each and everyone in India as they are in contact with our daily lives routine. Thus, let us discuss the topics below and reveal the situation in India.
Consumer Rights in India: A Crucial Aspect
The Consumer Protection Act of 2019 of India safeguards consumer rights. It is for this reason that this legislation seeks to protect consumers’ interests to be in a position to gain access to quality goods and services. In order to really understand the uniqueness of the consumer rights concept we should better get to know the following terms.
- Right to choose: It is the consumer’s option to decide between the products and services in the market produced by the organization. This right gives them the right to choose product they wish to buy.
- Right to seek redressal: There is the right to recourse where the consumer has a complaint against a seller due unfair trade practice or unfair exploitation. The purpose of this right is to guarantee that in case of any disagreement remediative channels are available.
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6 Cosby, Christopher R.: ‘The Complex Web of Taxation in India’ p. 273
India has multiple taxes, at various levels, involving the central, state, and local governments of the country. Now let us try and discuss some of the important features of and on taxation in India.
- Direct taxes: These are direct taxes for they are charged on the income of humans and body corporate. Certain direct taxes that are prevalent herein India are income tax, company tax as well as the capital gains tax.
Navigating Consumer Rights and Taxation: Practical Insights
Before we go deeper into consumer rights and taxation details in India, we need to know the link between them.
Another area where tax laws may affect consumer rights is in fixing of price for products and services in the market. For instance, due to GST, the price of products has become standard all over India; this has helped the consumers to have a basis on which they could compare prices.
- Education on taxation helps the consumer make a knowledgeable decision on which product they wish to purchase. They are able to avoid getting trapped in some products because they will have prior knowledge of the taxes put on the goods and services.
Conclusion: The following paper work highlights advocacy for consumer rights and taxation.
Being the citizen of India it becomes our moral obligation to respect the rights of consumers and taxes. Try to recall the 4 consumer rights; learn about taxation and be wise when you are choosing what products to buy. Click here for the source
