Restaurant Faces Scrutiny for Price Hike Exceeding 7.39% After GST Rate Cut, NAPA Investigates Potential Profiteering.

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....Profiteering - restaurant service - the Respondent had increased the base prices of different items by more than 7.39% i.e. by more than what was required to offset the impact of denial of ITC, supplied as a part of restaurant services to make up for the denial of ITC post-GST rate reduction and on comparison of pre and post GST rate reduction prices of the items sold in respect of items sold - NAPA....