NAA : Upholds profiteering allegation on Abott Healthcare, considers 'net tax' incidence in pre-GST regime

National Anti-Profiteering Authority (NAA) upholds a case of profiteering u/s section 171 of CGST Act 2017 for supply of “Melaglow Rich Depigmentation & Glow restoration cream”, directs Abott Healthcare Pvt Ltd (Respondent) to deposit profiteered amount for period from July 1, 2017 to July 31, 2018 to the tune of Rs. 96.59 lakhs; Finds that the rate of tax in pre GST era was 30.06% which got reduced to 28% post GST implementation vide Notification 01/2017 Central Tax ...