NAA: Dismisses profiteering allegation against 'Xiaomi', citing no change in selling-price post GST

NAA dismisses application alleging violation of provisions of Section 171 of the CGST Act on supply of ‘Xiaomi-MI Power Bank’ observing that same selling price was maintained and tax-rate remain unchanged after coming into effect of Notification No. 24/2018-Central Tax (Rate); Applicant contests that despite reduction in GST rate from 28% to 18% effected vide Notification No. 24/2018-Central Tax (Rate) dated December 31, 2018 w.e.f. January 1, 2019, Respondent has not pas...