The National Anti-profiteering Authority (NAA) has deleted the profiteering charges against N P Foods (a franchisee of M/s Subway India) by holding that an increase in base price to compensate for denial of Input Tax Credit after the Government reduced the GST rate would not amount to profiteering. The applicant approached the Anti-Profiteering Authority alleging […]
The post Profiteering Charges against Restaurant can’t be made for Increase in Base Price to Compensate Denial of ITC post Rate Reduction: NAA [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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