NAA : Upholds profiteering against 'Grinder' distributor, dealer legally bound to pass rate reduction benefit

National Anti-Profiteering Authority (NAA) upholds a case of profiteering u/s 171 of CGST Act, 2017 against a distributor of ‘Grinder’ observing that base price increased despite reduction in tax rate from 28% to 12% w.e.f. November 15, 2017 vide Notification No. 41/2017 - Central tax - (Rate); Respondent’s plea that base price was increased because purchase price was increased by the manufacturer and there was no question of profiteering by him, is not legally tenable;...