NAA: Upholds profiteering on supply of ‘sanitary napkins’ where base-prices increased beyond percentage of ITC denial post GST

NAA upholds case of profiteering on supply of ‘Sanitary napkins’ while observing that Respondent has increased base-price in-spite of reduction in tax rate from 12% to NIL (without benefit of ITC) w.e.f. July 27, 2018 vide Notification No. 19/2018-Central Tax (Rate); Observes that, GST paid on inputs/input services post rate reduction was a cost to the supplier, hence, base price of products would increase to the extent of ITC denial, accordingly, the base-price have been...