https://www.taxtmi.com/article/detailed?id=9403 Determination that a supplier failed to pass on a statutory GST rate reduction: investigation found increased base prices negating the benefit despite asserted MRP and base price revisions and communications; Authority quantified net higher sales realization as profiteering and ordered price adjustment compliance, deposit into consumer welfare funds where recipients were unidentifiable, interest on sums realized, and supervisory monitoring by tax commissioners. en-us Fri, 07 Aug 2020 16:58:00 +0530 Fri, 07 Aug 2020 16:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9403 Determination that a supplier failed to pass on a statutory GST rate reduction: investigation found increased base prices negating the benefit despite asserted MRP and base price revisions and communications; Authority quantified net higher sales realization as profiteering and ordered price adjustment compliance, deposit into consumer welfare funds where recipients were unidentifiable, interest on sums realized, and supervisory monitoring by tax commissioners. Articles Goods and Services Tax - GST Fri, 07 Aug 2020 16:58:00 +0530 https://www.taxtmi.com/article/detailed?id=9403