Increase in MRP of 'India Gate Basmati Rice' not "anti-profiteering", rules NAA

National Anti-profiteering Authority finds no violation of Section 171 of CGST Act by producer-exporter of “India Gate Basmati Rice”; Dismisses application which alleged that the producer had indulged in profiteering by not passing on the benefit of reduction in tax rate on “India Gate Basmati Rice” to consumers and had in fact, increased the MRP; NAA notes that such basmati rice was not liable to tax before implementation of GST and it is only w.e.f. September 2017 t...