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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