https://www.taxtmi.com/article/detailed?id=8702 Supplier increased base prices of products when the GST rate was reduced, maintaining pre-reduction cum-tax prices so customers paid higher base prices and additional tax; this was treated as denial of the benefit of tax rate reduction and characterised as profiteering, requiring price reductions and deposit of amounts realised with interest into consumer welfare funds, with recovery measures for non-compliance. en-us Mon, 02 Sep 2019 11:48:51 +0530 Mon, 02 Sep 2019 11:48:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8702 Supplier increased base prices of products when the GST rate was reduced, maintaining pre-reduction cum-tax prices so customers paid higher base prices and additional tax; this was treated as denial of the benefit of tax rate reduction and characterised as profiteering, requiring price reductions and deposit of amounts realised with interest into consumer welfare funds, with recovery measures for non-compliance. Articles Goods and Services Tax - GST Mon, 02 Sep 2019 11:48:51 +0530 https://www.taxtmi.com/article/detailed?id=8702