Lifestyle Liable for Profiteering as Base Prices Increased After GST Rate Reduction

DG Anti Profiteering Vs Lifestyle International Pvt. Ltd. (GSTAT) The GST Appellate Tribunal (GSTAT) considered whether M/s Lifestyle International Pvt. Ltd. had profiteered by not passing on the benefit of a reduction in the GST rate on Fast Moving Consumer Goods (FMCG) from 28% to 18% with effect from 15 November 2017. The proceedings originated from a complaint alleging that the benefit of the GST rate reduction had not been passed on to consumers in respect of a product purchased from the retailer. The Directorate General of Anti-Profiteering (DGAP) initially investigated the complaint and...