https://www.taxtmi.com/article/detailed?id=9579 Suppliers must pass on GST rate reductions through commensurate reductions in final prices. In this case the supplier raised base prices after the rate cut and kept post reduction MRPs that preserved higher base prices, so DGAP found the benefit was not passed on and quantified the excess realization. The Authority accepted that computation, directed commensurate price reduction, ordered deposit of the determined amount into Consumer Welfare Funds where recipients were unidentifiable, and indicated penalty liability under the anti profiteering provisions. en-us Thu, 10 Dec 2020 13:26:33 +0530 Thu, 10 Dec 2020 13:26:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9579 Suppliers must pass on GST rate reductions through commensurate reductions in final prices. In this case the supplier raised base prices after the rate cut and kept post reduction MRPs that preserved higher base prices, so DGAP found the benefit was not passed on and quantified the excess realization. The Authority accepted that computation, directed commensurate price reduction, ordered deposit of the determined amount into Consumer Welfare Funds where recipients were unidentifiable, and indicated penalty liability under the anti profiteering provisions. Articles Goods and Services Tax - GST Thu, 10 Dec 2020 13:26:33 +0530 https://www.taxtmi.com/article/detailed?id=9579