https://www.taxtmi.com/article/detailed?id=8691 The supplier increased base prices concurrent with a tax-rate reduction so that inclusive selling prices did not fall, violating the anti-profiteering obligation; a regulatory investigation quantified excess collections and requires the supplier to reduce sale prices commensurate with the rate reduction and remit the excess with interest into consumer welfare funds, with monitoring, recovery mechanisms, and penalty exposure for non-compliance. en-us Mon, 26 Aug 2019 06:35:02 +0530 Mon, 26 Aug 2019 06:35:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8691 The supplier increased base prices concurrent with a tax-rate reduction so that inclusive selling prices did not fall, violating the anti-profiteering obligation; a regulatory investigation quantified excess collections and requires the supplier to reduce sale prices commensurate with the rate reduction and remit the excess with interest into consumer welfare funds, with monitoring, recovery mechanisms, and penalty exposure for non-compliance. Articles Goods and Services Tax - GST Mon, 26 Aug 2019 06:35:02 +0530 https://www.taxtmi.com/article/detailed?id=8691