NAA : Dismisses application alleging profiteering absent change in base price & tax rate, post GST

National Anti-Profiteering Authority (NAA) dismisses application alleging profiteering in terms of Section 171 of CGST Act, 2017, absent any change in rate of tax and base price, pre GST and post GST; Observes that goods were not subjected to Central Excise duty and attracted only VAT at 5% prior to implementation of GST whereas w.e.f July 01,2017, the tax rate of the said product was fixed at 5% GST; Consequently, holds that since there is no reduction in rate of t...