NAA : Upholds profiteering by L'oreal distributor, directs investigation for subsequent period

National Anti-Profiteering Authority (NAA) upholds a case of profiteering u/s section 171 of CGST Act 2017 against a distributor of L’oreal, observing that base price was increased despite reduction in tax rate from 28% to 18% w.e.f November 15,2017 vide Notification 41/2017 Central Tax rate; Rejecting Respondent’s argument that it had no control on the fixing of base price as well as MRPs as both were fixed by manufacturer, clarifies that Respondent is a registered suppl...