https://www.taxtmi.com/article/detailed?id=9717 The Authority found that a Subway franchisee failed to pass on the GST rate reduction from 18% to 5% (with denial of input tax credit), having increased base prices beyond the calculable impact of denied input tax credit for numerous items; DGAP quantified the excess realization, and the Authority directed commensurate price reduction, deposit of the computed amount into consumer welfare funds with interest, potential penalty liability, and further examination of franchisor charges. en-us Mon, 22 Mar 2021 09:20:14 +0530 Mon, 22 Mar 2021 09:20:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9717 The Authority found that a Subway franchisee failed to pass on the GST rate reduction from 18% to 5% (with denial of input tax credit), having increased base prices beyond the calculable impact of denied input tax credit for numerous items; DGAP quantified the excess realization, and the Authority directed commensurate price reduction, deposit of the computed amount into consumer welfare funds with interest, potential penalty liability, and further examination of franchisor charges. Articles Goods and Services Tax - GST Mon, 22 Mar 2021 09:20:14 +0530 https://www.taxtmi.com/article/detailed?id=9717