GSTAT Orders P&G to Deposit ₹6.88 Lakh Profiteered Amount – No Interest or Penalty

DGAP Vs Proctor & Gamble Group (GSTAT) In a significant ruling, the Goods and Services Tax Authority for Advance Ruling (GSTAT) has decided on an anti-profiteering case involving Procter & Gamble Group (P&G). The central issue was whether P&G was liable to pay 18% interest on a profiteered amount of ₹6,88,770, which resulted from a GST rate reduction on sanitary napkins in 2018. The GSTAT ruled in favor of the company, holding that the interest provision was prospective and could not be applied to a past transaction. The case stemmed from a GST rate cut on sanitary napkins fr...