NAA: No issue of passing tax-rate reduction benefit by MRF when base price same

NAA holds that there is no issue of not passing benefit of tax rate reduction by MRF in respect of its products i.e. ‘SP EP Primer Grey’ and ‘Thinner for Finish’, as it has maintained the same base price in the post rate reduction period which it was charging in the pre rate reduction period, directs DGAP to conduct further investigation as per provisions of Rule 133(4) r/w Section 171(2) of the GST Act and furnish fresh report under Rule 129(6); Notes that the Respon...