NAA : Holds 'VIP' bag/suitcase distributor guilty of profiteering, further directs investigation against 'manufacturer'

National Anti-Profiteering Authority (NAA) holds distributor of ‘VIP luggage trolley bag/suitcases’ guilty of profiteering u/s 171 of CGST Act, 2017 while observing that, benefit of reduction in rate of tax from 28% to 18% w.e.f. November 15, 2017 have not been passed to recipient; Considering DGAP's Report, finds that, it was evident that Respondent increased the base prices of products w.e.f. November 15, 2017 despite rate reduction which amounted to profiteering in res...