https://www.taxtmi.com/article/detailed?id=8202 Whether a reduction in tax rate must result in a commensurate reduction in price to each recipient was examined where a seller kept the cum-tax MRP unchanged for a smaller packaged commodity by raising its base price while reducing prices of larger packs. The authority rejected allocation of benefit across distinct packaged commodities, relied on Legal Metrology rounding rules limiting arbitrary MRP fixation, found non compliance with Section 171, quantified profiteering for the smaller pack, and required monetary settlement with interest. en-us Thu, 11 Oct 2018 11:29:50 +0530 Thu, 11 Oct 2018 11:29:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8202 Whether a reduction in tax rate must result in a commensurate reduction in price to each recipient was examined where a seller kept the cum-tax MRP unchanged for a smaller packaged commodity by raising its base price while reducing prices of larger packs. The authority rejected allocation of benefit across distinct packaged commodities, relied on Legal Metrology rounding rules limiting arbitrary MRP fixation, found non compliance with Section 171, quantified profiteering for the smaller pack, and required monetary settlement with interest. Articles Goods and Services Tax - GST Thu, 11 Oct 2018 11:29:50 +0530 https://www.taxtmi.com/article/detailed?id=8202