NAA : Upholds profiteering against 'Electric Chimney' supplier for not passing GST rate reduction benefit

NAA confirms case of profiteering against supplier of ‘Glass Kit Hood Curved Black Electric Chimney’ noting that Respondent increased base-price where GST rate was reduced from 28% to 18% w.e.f November 15, 2017; Rejects Respondent’s plea that prices of the product was not increased at the time of introduction of GST when rate of tax was increased to 28%, hence, question of reducing prices when rate of tax was decreased to 18% is legally unsustainable;&nb...