NAA : Grants relief to Maruti Suzuki, finds no profiteering absent reduction in tax rate

National Anti-Profiteering Authority (NAA) dismisses case of profiteering against an auto-manufacturer finding no reduction in tax rate post introduction of GST; Observes that there was increase in rate of tax from 15.63% (pre-GST) [Central Excise duty @12.5% + CST @ 1% + NCCD @1% + Auto Cess @ 0.125% + Infra Cess @ 1%] to 29% (post GST) [CGST + SGST 28% + Comp.Cess @ 1 %]; Notes DGAP’s submission that anti-profiteering provisions are attracted only when there is a reductio...