https://www.taxtmi.com/article/detailed?id=9428 Allegations of profiteering under GST arose from unchanged MRP of a 'Food Processor' after GST implementation; investigation compared pre GST State wise average basic prices (after discounts) with post GST transaction wise basic prices (after discounts). Discounts not documented at or before supply were disallowed for price adjustment. The authority quantified profiteering, directed price reduction, ordered deposit of the profiteered amount into consumer welfare funds with interest, and mandated further investigation into other impacted products. en-us Fri, 21 Aug 2020 07:34:49 +0530 Fri, 21 Aug 2020 07:34:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9428 Allegations of profiteering under GST arose from unchanged MRP of a 'Food Processor' after GST implementation; investigation compared pre GST State wise average basic prices (after discounts) with post GST transaction wise basic prices (after discounts). Discounts not documented at or before supply were disallowed for price adjustment. The authority quantified profiteering, directed price reduction, ordered deposit of the profiteered amount into consumer welfare funds with interest, and mandated further investigation into other impacted products. Articles Goods and Services Tax - GST Fri, 21 Aug 2020 07:34:49 +0530 https://www.taxtmi.com/article/detailed?id=9428