No profiteering if base price of product remain same after GST rate reduction

By Editor1 Goods and Services Tax Judiciary March 1, 2019

Case Name: Kerala State Screening Committee on Anti-profiteering Vs M/s Velbon Vitrified Tiles Pvt. Ltd (NAA)
Appeal Number: Only available for paid members
Date of Judgement/Order: Only available for paid members
Courts: National Anti-Profiteering Authority

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Kerala State Screening Committee on Anti-profiteering Vs M/s Velbon Vitrified Tiles Pvt. Ltd (NAA) As seen from the invoices given above at para 4 it is clear that the base price of the product per box was Rs. 232.50 prior to 15.11.2017 and had remained the same even after GST rate reduction w.e.f. 15.11.2017. Therefore, the benefit of rate reduction appears to have been passed on. This Authority agrees with the DGAP’s Report dated 28.09.2018 and accordingly, holds that the allegation of profiteering is not sustainable. FULL TEXT OF ORDER OF NATIONAL ANTI-PROFITEERING AUTHORITY (NAA) 1....

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