Monday, April 27, 2020

No Profiteering If Post Discount Rate remains Same Pre & Post Rate Reduction: NAA dismisses Profiteering Complaint against Somany Ceramics

The National Anti-Profiteering Authority(NAA) ruled that if the post discount rate remains the same pre and post-reduction, it does not amount to profiteering. In this case there has been a reduction in the rate of tax on Ceramics Glazed Wal Tiles, Printex Crema from 28% to 18% as per the Notification by the Central government […]

from Taxscan | Simplifying Tax Laws https://ift.tt/2yIJUpJ

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