Sunday, July 12, 2020

DGAP incorrectly computed Profiteered Amount by Comparing Average to Average Base Price: NAA directs to Revise Mathematical Methodology

The National Anti-Profiteering (NAA) directed the Director-General of Anti-Profiteering(DGAP) to revise the mathematical method for computing the profiteered amount by the respondent. The Applicant, Ajay Jagga alleged that the Respondent had not passed on the benefit of reduction in the GST rate on “Kiwi Shoe Polish” from 28% to 18% and had instead increased the […]

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

No comments:

Post a Comment