https://www.taxtmi.com/article/detailed?id=8462 Suppliers must pass on benefits of GST rate reductions and input tax credits to recipients by way of a commensurate reduction in prices; failure to do so constitutes anti-profiteering contravention. An investigation found that HUL maintained prior selling prices by raising base prices rather than reducing consumer prices, quantified alleged profiteering after permitted adjustments, and led the authority to require deposits into consumer welfare funds with interest, price reductions going forward, further scrutiny of other supplies, and initiation of penalty proceedings. en-us Sat, 13 Apr 2019 05:36:22 +0530 Sat, 13 Apr 2019 05:36:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8462 Suppliers must pass on benefits of GST rate reductions and input tax credits to recipients by way of a commensurate reduction in prices; failure to do so constitutes anti-profiteering contravention. An investigation found that HUL maintained prior selling prices by raising base prices rather than reducing consumer prices, quantified alleged profiteering after permitted adjustments, and led the authority to require deposits into consumer welfare funds with interest, price reductions going forward, further scrutiny of other supplies, and initiation of penalty proceedings. Articles Goods and Services Tax - GST Sat, 13 Apr 2019 05:36:22 +0530 https://www.taxtmi.com/article/detailed?id=8462