https://www.taxtmi.com/article/detailed?id=9629 Anti-profiteering requires suppliers to pass tax-rate reductions to recipients as a commensurate monetary reduction in final price. In this case the supplier did not raise the base price when the GST rate fell; a later routine October price revision reflected customary biannual pricing and stock changes. The investigation found no failure to pass on the tax benefit for the complained product and concluded there was no contravention of Section 171, dismissing the profiteering allegation. en-us Mon, 18 Jan 2021 13:10:18 +0530 Mon, 18 Jan 2021 13:10:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9629 Anti-profiteering requires suppliers to pass tax-rate reductions to recipients as a commensurate monetary reduction in final price. In this case the supplier did not raise the base price when the GST rate fell; a later routine October price revision reflected customary biannual pricing and stock changes. The investigation found no failure to pass on the tax benefit for the complained product and concluded there was no contravention of Section 171, dismissing the profiteering allegation. Articles Goods and Services Tax - GST Mon, 18 Jan 2021 13:10:18 +0530 https://www.taxtmi.com/article/detailed?id=9629