NAA : Increase in base-price due to discount reduction does not amount to profiteering

NAA dismisses application alleging violation of provisions of Section 171 of CGST Act, 2017 in respect of supplier of ‘Paint’ where increase in base price was on account of reduction in discount;  Elucidates that “reduction in discount doesn’t amount to profiteering as the same was offered from his profit margin by the Respondent and doesn’t form part of the base price”; Notes that the said product attracted tax @ 28.6% (VAT @14.5% + Central Excise Duty @ 12....