NAA : Profiteering not established where base price reduction exceeds additional ITC available

National Anti-Profiteering Authority (NAA) dismisses application alleging violation of provisions of Section 171 of CGST Act, 2017 by Respondent, observes that Respondent reduced the base prices of products (“Bathing bar” and “Instant Drink Powder 50Gms”) to maintain same MRP (Pre-GST MRP) inspite of increase in tax rate; Notes that actual pre-GST tax rate on the products was 14.5% (Nil Central Excise Duty+ 14.5% VAT) in the case of "Bathing Bar" and 16.5 % (2% Centra...