https://www.taxtmi.com/article/detailed?id=9563 Anti profiteering findings were sustained where a manufacturer and a distributor failed to pass on a GST rate reduction benefit; a comparative methodology contrasting pre and post reduction base prices established that base prices were increased so recipients did not receive commensurate price reductions. The authority quantified profiteered amounts, included excess tax collected on inflated bases, directed prospective price reductions, deposit of amounts into consumer welfare funds where recipients were unidentifiable, and payment of interest from date of collection. en-us Sat, 28 Nov 2020 09:09:40 +0530 Sat, 28 Nov 2020 09:09:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9563 Anti profiteering findings were sustained where a manufacturer and a distributor failed to pass on a GST rate reduction benefit; a comparative methodology contrasting pre and post reduction base prices established that base prices were increased so recipients did not receive commensurate price reductions. The authority quantified profiteered amounts, included excess tax collected on inflated bases, directed prospective price reductions, deposit of amounts into consumer welfare funds where recipients were unidentifiable, and payment of interest from date of collection. Articles Goods and Services Tax - GST Sat, 28 Nov 2020 09:09:40 +0530 https://www.taxtmi.com/article/detailed?id=9563