No profiteering in absence of reduction in Tax Rate or additional ITC benefit

Sh. Rahul Kumar Agrawal Vs M/s Shrivision Homes Pvt. Ltd (NAA)

It is clear from the plain reading of Section 171 (1) mentioned above that it deals with two situations one relating to the passing on the benefit of reduction in the rate of tax and the second pertaining to the passing on the benefit of the ITC. On the issue of reduction in the tax rate, it is apparent from the DGAP’s Report that there has been no reduction in the rate of tax as the same was 8.02% in the pre GST period and 12% in the post GST period hence

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