No profiteering if reduction in base price is more than additional eligible ITC

Smt. Mandalika Sakunthala Vs M/s Fabindia Overseas Pvt. Ltd. (National Anti-Profiteering Authority) The company reduced his base prices and the profit margins to maintain the same MRP inspite of the increase in the tax rate. In another product, reduction in the base prices found to be more than the additional ITC eligible thereon. Respondent has not contravened the provisions of Section 171 (1) of the CGST Act, 2017 In this case actual pre-GST tax rate on the above products was not 27% (12.5% Excise Duty + 14.5% VAT), as had been mentioned by the Applicant No. 1 in her applications, but it was...