Manufacturer Faces Penalty for Failing to Pass GST Benefits, Issuing Incorrect Tax Invoices in FMCG Sector.

Manufacturer Faces Penalty for Failing to Pass GST Benefits, Issuing Incorrect Tax Invoices in FMCG Sector. https://www.taxtmi.com/highlights?id=43628 Profiteering - manufacturers of Fast Moving Goods Consumer Goods (FMCGs) - Respondent had compelled them to pay additional GST on the increased prices though the incorrect tax invoices which would have otherwise resulted in further benefit to the customers which he had failed to pass on - Penalty proceedings initiated. en-us Tue, 01 Jan 2019 06:38:33 +0530 Tue, 01 Jan 2019 06:38:33 +0530 TaxTMI RSS Generator Manufacturer Faces Penalty for Failing to Pass GST Benefits, Issuing Incorrect Tax Invoices in FMCG Sector. https://www.taxtmi.com/highlights?id=43628 Profiteering - manufacturers of Fast Moving Goods Consumer Goods (FMCGs) - Respondent had compelled them to pay additional GST on the increased prices though the incorrect tax invoices which would have otherwise resulted in further benefit to the customers which he had failed to pass on - Penalty proceedings initiated. Highlights GST Tue, 01 Jan 2019 06:38:33 +0530 https://www.taxtmi.com/highlights?id=43628