No Profiteering as there was commensurate reduction in base price

Kerala State Level Screening Committee Vs M/s Peps Industries Pvt. Ltd (NAA)

It is apparent from the perusal of the facts of the case that admittedly there was a decrease in the rate of tax on the said product from 28% to 18% w.e.f. 15.11.2017 but it is also established that the base (excluding GST) of the product was also reduced from Rs. 7986/- to Rs. 7,034/- after offering a discount of Rs. 1,006/- which is more than the commensurate rate reduction. As the Net Base Price (excluding tax) of the above product has been red

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