Absence of price reduction after GST Rate reduction proves Profiteering

Shri Surya Prakash Loonker Vs M/s Excel Rasayan Pvt. Ltd (NAA) it is clear that the Respondent has admittedly not passed on the benefit of tax reduction since the base prices of the above two products were increased to maintain the same selling prices which were existing before the reduction in the rate of tax. […]

from TaxGuru http://bit.ly/2ssKGk6
via gqrds

Comments

Popular posts from this blog

Consequences of incorrect invoice details uploaded while filing GSTR 1

GST ON TOUR OPERATORS AND AIR TRAVEL AGENTS