Tax Reduction Benefits Must Be Passed Individually, No Offsetting Allowed, Says National Anti-Profiteering Authority.

Tax Reduction Benefits Must Be Passed Individually, No Offsetting Allowed, Says National Anti-Profiteering Authority. https://www.taxtmi.com/highlights?id=65494 Profiteering - any benefit of tax rate reduction passed on to a particular recipient or customer cannot be appropriated or adjusted against the benefit of tax rate reduction due to another recipient or customer. Hence, this methodology of 'netting off' cannot be applied in the present case as the customers have to be considered as individual beneficiaries and they cannot be compared with netted off. - NAPA en-us Tue, 06 Sep 2022 17:05:31 +0530 Tue, 06 Sep 2022 17:05:31 +0530 TaxTMI RSS Generator Tax Reduction Benefits Must Be Passed Individually, No Offsetting Allowed, Says National Anti-Profiteering Authority. https://www.taxtmi.com/highlights?id=65494 Profiteering - any benefit of tax rate reduction passed on to a particular recipient or customer cannot be appropriated or adjusted against the benefit of tax rate reduction due to another recipient or customer. Hence, this methodology of 'netting off' cannot be applied in the present case as the customers have to be considered as individual beneficiaries and they cannot be compared with netted off. - NAPA Highlights GST Tue, 06 Sep 2022 17:05:31 +0530 https://www.taxtmi.com/highlights?id=65494