NAA : Dismisses application, absent base-price increase finds no profiteering by ‘Speaker’ supplier

NAA finds no case of profiteering u/s 171 of CGST Act, 2017 on supply of “PA Ceiling Speaker” and “PA Wall Speaker” observing that base price (excluding taxes) of both the products remained same post reduction of tax rate from 28% to 18% vide Notification No. 41/ 2017- Central Tax (Rate) w.e.f. November 15, 2017; Perusing invoice copies of pre and post-GST period, finds that the there was no increase in per unit price (excluding GST) and hence, “allegation of p...