Wednesday, July 1, 2020

Vijeetha Supermarket found guilty of Profiteering: NAA imposes Penalty and 18% interest to be deposited in Consumer Welfare Fund

The National Anti Profiteering Authority (NAA) has found Vijetha Supermarket found guilty of profiteering as when the rates of GST was reduced from 5% to NIL, the respondent did not reduce the selling price of ‘frozen green peas’. Consequently, the Authority imposed the penalty and 18% interest to be deposited in the Consumer Welfare Fund. […]

from Taxscan | Simplifying Tax Laws https://ift.tt/2AniO8B

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