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GST - Highlights / Catch Notes

Home Highlights May 2019 Year 2019 This

Profiteering - the argument that that the price of the product ...


Businesses Must Reduce Prices After GST Cut to Benefit Consumers, Says Section 171 of CGST Act 2017.

May 8, 2019

Case Laws     GST     NAPA

Profiteering - the argument that that the price of the product was not increased at the time of introduction of GST when the rate of tax was increased to 28% and hence the question of reducing the prices when the rate of tax was decreased from 28% to 18% does not arise is legally not sustainable in view of the provision of section 171 of CGST Act, 2017

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