NAA : Holds 'Dominos Pizza' supplier guilty of profiteering, Section 171 inapplicable at entity level

National Anti-Profiteering Authority (NAA) upholds a case of profiteering against a quick service restaurant where base price of ‘Dominos Pizza’ was increased despite reduction in rate of tax from 18% to 5% (without ITC) vide Notification No. 46/2017- Central Tax (Rate) w.e.f. November 15, 2017; States that, Respondent increased base price by more than 5.59% which is more than amount required to offset the impact of ITC denial, therefore, commensurate benefit of...