L’Oreal India Pvt. Ltd. guilty of profiteering under GST: NAA

Director General of Anti-Profiteering Vs L’Oreal India Pvt. Ltd. (NAA) NAA held that – a. Under the provisions of Section 171(2) of the CGST Act 2017 read with Rule 133, the Authority finds that commensurate reduction in the price of the goods has not been effected by the Respondent after the GST rates were reduced vide Notification No 41/2017 —Central Tax(Rate) dated 14.11.2017 and other State notifications. b. Under the provisions of Rule 133(1) of the CGST Rules, 2017, the Authority determines that the Respondent has profiteered an amount of Rs. 1,86,39,57,508/- on account of ...