NAA: Confirms profiteering allegation against tiles dealer; MRP irrelevant considering sale at discounted price

NAA confirms case of profiteering against the Respondent dealing in vitrified tiles, directs deposit of profiteered amount of Rs. 54.67 lakhs; Notes that the GST rate on the product was reduced from 28% to 18% w.e.f. November 28, 2017, however the benefit of rate reduction was not passed on to buyers and the base price was increased from Rs. 750 to Rs 814; Rejects Respondent’s reliance on dictionary meaning of the word 'profiteering' noting that Sec 171 details meaning of p...