Wednesday, May 13, 2020

NAA finds Company Guilty for Profiteering for not reducing Bases Price post-GST Rate Reduction [Read Order]

The National Anti-Profiteering Authority (NAA), while imposing a penalty on a Company for not reducing the base price despite the GST rate reduction, held that customers are entitled to benefit from tax rate reduction by way of reduced prices. The Applicant had purchased an imported “Used Heidelberg Offset Press SM 74-5 +LX, Mfg. The year […]

from Taxscan | Simplifying Tax Laws https://ift.tt/2y1myeU

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