https://www.taxtmi.com/article/detailed?id=8429 The anti-profiteering obligation requires registered suppliers to pass on statutory GST rate reductions by making commensurate reductions in prices; increasing pre-reduction base prices to maintain prior gross prices defeats this obligation and constitutes profiteering. Investigations compare pre and post reduction invoices, assess discounts and base price adjustments, and may calculate unjust enrichment from price lists where direct comparators are absent. Proven profiteering leads to quantification of benefit denied, directions for price reduction, deposit of the profiteered amount with interest into consumer welfare measures if recipients are unidentifiable, further probe, and potential penalty proceedings. en-us Mon, 25 Mar 2019 06:16:43 +0530 Mon, 25 Mar 2019 06:16:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8429 The anti-profiteering obligation requires registered suppliers to pass on statutory GST rate reductions by making commensurate reductions in prices; increasing pre-reduction base prices to maintain prior gross prices defeats this obligation and constitutes profiteering. Investigations compare pre and post reduction invoices, assess discounts and base price adjustments, and may calculate unjust enrichment from price lists where direct comparators are absent. Proven profiteering leads to quantification of benefit denied, directions for price reduction, deposit of the profiteered amount with interest into consumer welfare measures if recipients are unidentifiable, further probe, and potential penalty proceedings. Articles Goods and Services Tax - GST Mon, 25 Mar 2019 06:16:43 +0530 https://www.taxtmi.com/article/detailed?id=8429