https://www.taxtmi.com/article/detailed?id=8232 Reduction in the rate of tax on a packaged commodity must be passed on to each recipient by way of a commensurate reduction in price; a distributor cannot lawfully offset that benefit by adjusting prices of different product variants or by increasing base prices. The NAA upheld the DGAP finding that the distributor failed to pass on the GST rate reduction on a specific pack, quantified the profiteered amount, and treated the failure as contravention of anti-profiteering obligations, with requirements for refunds, deposit to consumer welfare mechanisms where recipients are unidentifiable, and potential penalties for incorrect invoicing. en-us Mon, 05 Nov 2018 10:10:15 +0530 Mon, 05 Nov 2018 10:10:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8232 Reduction in the rate of tax on a packaged commodity must be passed on to each recipient by way of a commensurate reduction in price; a distributor cannot lawfully offset that benefit by adjusting prices of different product variants or by increasing base prices. The NAA upheld the DGAP finding that the distributor failed to pass on the GST rate reduction on a specific pack, quantified the profiteered amount, and treated the failure as contravention of anti-profiteering obligations, with requirements for refunds, deposit to consumer welfare mechanisms where recipients are unidentifiable, and potential penalties for incorrect invoicing. Articles Goods and Services Tax - GST Mon, 05 Nov 2018 10:10:15 +0530 https://www.taxtmi.com/article/detailed?id=8232