NAA finds Pinky Sales guilty for not passing benefit of GST Reduction on Footwear to its customers [Read Order]

The National Anti-Profiteering Authority (NAA) has found M/s Pinky Sales guilty of profiteering by not reducing prices in respect of the supply of footwear despite reduction in the goods and services tax (GST) rate from 18% to 5%. However, the NAA decided not to impose any penalty as the penalty prescribed under Section 171 (3A) […]

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