https://www.taxtmi.com/article/detailed?id=8399 The NAA examined pre and post GST invoices and DGAP findings and found that although the supplier's base price rose marginally due to a reduction in the discount offered, total tax incidence declined post GST. The authority treated the discount as deriving from the supplier's profit margin and not forming part of the base price; therefore the small increase in base price caused by reduced discounting did not constitute profiteering under the anti profiteering provisions. en-us Fri, 01 Mar 2019 08:28:55 +0530 Fri, 01 Mar 2019 08:28:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8399 The NAA examined pre and post GST invoices and DGAP findings and found that although the supplier's base price rose marginally due to a reduction in the discount offered, total tax incidence declined post GST. The authority treated the discount as deriving from the supplier's profit margin and not forming part of the base price; therefore the small increase in base price caused by reduced discounting did not constitute profiteering under the anti profiteering provisions. Articles Goods and Services Tax - GST Fri, 01 Mar 2019 08:28:55 +0530 https://www.taxtmi.com/article/detailed?id=8399