NAA : Upholds profiteering against FMCG dealer, dismisses Respondent's 'no control over manufacturer's price' plea

National Anti-Profiteering Authority (NAA) upholds a case of profiteering u/s section 171 of CGST Act 2017 against a dealer of fast moving consumer goods (FMCGs) observing that base price was increased despite reduction in tax rate from 28% to 18% w.e.f. November 15,2017 vide Notification No. 41/2017 - Central tax - (Rate); Persuing the tax invoices, observes that discounted base price of “Beauty Cream’ was increased from 48.6 to 52.73  while retaining...