NAA : Finds no profiteering by ‘Vetrified Tiles’ supplier where base price remained same post rate reduction

NAA dismisses the allegations of profiteering against the taxpayer on supply of type of ‘Vitrified Tiles’; Finds that the base price of the product per box was Rs. 294.50 which remained same even after rate reduction from 28% to 18% vide Notification No. 41/2017 - Central Tax (Rate) w.e.f. November 15, 2017; Concludes that, provisions of Sec. 171 of CGST Act have not been contravened as benefit of rate reduction has been passed on : NAA...