https://www.taxtmi.com/article/detailed?id=9612 Section 171 requires pass through of tax rate reductions and ITC benefits to recipients; DGAP computes profiteered amounts by comparing pre and post GST ITC to turnover ratios and recalibrating base prices, a method criticized for ignoring increased costs and compliance expenses. NAPA rulings disallow deduction of ordinary business costs from profiteering calculations and prohibit adjusting excess benefit to some buyers against shortfall to others, treating the obligation as applying to each supply. en-us Mon, 04 Jan 2021 18:48:38 +0530 Mon, 04 Jan 2021 18:48:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9612 Section 171 requires pass through of tax rate reductions and ITC benefits to recipients; DGAP computes profiteered amounts by comparing pre and post GST ITC to turnover ratios and recalibrating base prices, a method criticized for ignoring increased costs and compliance expenses. NAPA rulings disallow deduction of ordinary business costs from profiteering calculations and prohibit adjusting excess benefit to some buyers against shortfall to others, treating the obligation as applying to each supply. Articles Goods and Services Tax - GST Mon, 04 Jan 2021 18:48:38 +0530 https://www.taxtmi.com/article/detailed?id=9612