NAA : Rejects profiteering allegation as no reduction in tax rate post GST implementation

National Anti - Profiteering Authority (NAA) dismisses the allegations of profiteering against the taxpayer on sale of 'Caribbean Wood Tile'; Takes note of DGAP findings based on examination of invoices pre and post GST implementation as per which product was subject to tax rate of 13.97% (Central Excise Duty @12.5% of 60% of the MRP) while there was no VAT or CST applicable; Further notes that post GST implementation, tax rate is fixed at 28%; Thus, holds that in absenc...