NAA : Dismisses profiteering allegation against Asian Paints as rate reduction benefit passed on

National Anti Profiteering Authority (NAA) dismisses case of profiteering against Asian Paints Ltd in respect of product ‘Paint (AP Woodtech Wood Stain Walnut 500ml (HSN Code 3213)); Notes DGAP’s observation that GST rate was reduced from 28% to 18% vide Notification No. 41/2017- Central Tax (Rate) w.e.f. November 15, 2017, but the  base price remained the same resulting in reduction of cum GST price; Elucidating that there was no increase in per unit base price on p...