NAA finds Company Guilty for Profiteering for not reducing base price when GST was reduced from 28% to 18%

The National Anti-Profiteering Authority (NAA), while imposing a penalty on a Company for not reducing the base price despite the GST rate reduction from 28% to 18%, held that customers are entitled to benefit from tax rate reduction by way of reduced prices. The complaint against the respondent, M/s D.S. Brothers, was that after the […]

from Taxscan | Simplifying Tax Laws https://ift.tt/3fItxsM