NAA : No profiteering by tiles dealer where selling price reduced pursuant to tax rate reduction

NAA dismisses a case of profiteering against supplier of tiles noting that base price did not increase despite reduction in rate on goods from 28% to 18% w.e.f. November 15, 2017 vide Notification No. 41/2017 – Central Tax (rate); Concludes that “Respondent has duly passed on the benefit  of reduction in tax rate by keeping the base price constant thus reducing the selling price of the products…. therefore anti-profiteering provisions  contained...