Sanitary Napkins Tax Cut to Nil on July 27, 2018; Company Found Profiteering by Raising Base Price.

Sanitary Napkins Tax Cut to Nil on July 27, 2018; Company Found Profiteering by Raising Base Price. https://www.taxtmi.com/highlights?id=47510 Profiteering - supply of “Sanitary Napkins” - It's an admitted fact that the rate of tax on the product was reduced from 12% to NIL w.e.f. 27.07.2018 without the benefit of ITC - it was by found DGAP that the Respondent had increased his base price inspite of reduction in the rate of tax - directed to reduce the price of the product and also pay profiteered amount and SCN for penalty en-us Thu, 27 Jun 2019 07:40:38 +0530 Thu, 27 Jun 2019 07:40:38 +0530 TaxTMI RSS Generator Sanitary Napkins Tax Cut to Nil on July 27, 2018; Company Found Profiteering by Raising Base Price. https://www.taxtmi.com/highlights?id=47510 Profiteering - supply of “Sanitary Napkins” - It's an admitted fact that the rate of tax on the product was reduced from 12% to NIL w.e.f. 27.07.2018 without the benefit of ITC - it was by found DGAP that the Respondent had increased his base price inspite of reduction in the rate of tax - directed to reduce the price of the product and also pay profiteered amount and SCN for penalty Highlights GST Thu, 27 Jun 2019 07:40:38 +0530 https://www.taxtmi.com/highlights?id=47510