NAA : No profiteering by Subway India's franchisee where base-price increase commensurate with ITC denial

National Anti-Profiteering Authority (NAA) finds no case of profiteering u/s 171 of CGST Act, 2017 by a franchisee holder of Subway India in respect of food (i.e. Hara Bhara Kabab Sub) supplied to applicant pursuant to reduction of rate on ‘restaurant service’ vide Notification No. 46/ 2017- Central Tax (Rate); Rejects Revenue’s plea that Respondent indulged in ‘profiteering’ as base price increased despite reduction in GST rate from 18% to 5% and hence benefit of r...