https://www.taxtmi.com/article/detailed?id=9683 The authority found that the supplier, upon a statutory GST rate reduction, increased base prices so the tax-rate benefit was not passed to recipients, contravening Section 171 of the CGST Act; profiteering was calculated by comparing pre- and post-rate-change invoice base prices and included GST on inflated bases, and the supplier was directed to reduce prices and deposit the profiteered amount with interest into consumer welfare funds where recipients were not identifiable. en-us Mon, 15 Feb 2021 13:01:19 +0530 Mon, 15 Feb 2021 13:01:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9683 The authority found that the supplier, upon a statutory GST rate reduction, increased base prices so the tax-rate benefit was not passed to recipients, contravening Section 171 of the CGST Act; profiteering was calculated by comparing pre- and post-rate-change invoice base prices and included GST on inflated bases, and the supplier was directed to reduce prices and deposit the profiteered amount with interest into consumer welfare funds where recipients were not identifiable. Articles Goods and Services Tax - GST Mon, 15 Feb 2021 13:01:19 +0530 https://www.taxtmi.com/article/detailed?id=9683