NAA: Dismisses profiteering allegation against ‘Gypsum Board’ supplier where tax-rate increased post GST

NAA dismisses the allegations of profiteering against the taxpayer on supply of ‘Gypsum Board’; Takes note of DGAP report which states that in pre GST era, tax rate of 14.75% (CST@2% + Central Excise Duty@12.5%) was applied while post GST implementation tax rate was fixed at 28%; Thus holds that in the absence of reduction in tax rates post introduction of GST, the allegation of profiteering under Sec 171 of CGST Act, 2017 is not sustainable : NAA...