Profiteering - Sanitary Napkin - Respondent No. 2 i.e seller of ...

Sanitary Napkin Seller Not Guilty of Profiteering; Section 171(1) Inapplicable Due to Excess ITC Reversal on Stock.

November 23, 2019

Case Laws GST NAPA

Profiteering - Sanitary Napkin - Respondent No. 2 i.e seller of the product has clearly increased the base price of the product - as seen from the records reversal of ITC by him is more than excess realisation on closing stock after deniel of ITC benefit w.e.f. 27.07.2018, therefore no profiteering can be concluded on his part and hence, section 171(1) does not hold good in respect of the respondent.

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Profiteering - Sanitary Napkin - Respondent No. 2 i.e seller of ...

Sanitary Napkin Seller Not Guilty of Profiteering; Section 171(1) Inapplicable Due to Excess ITC Reversal on Stock.

November 23, 2019

Case Laws GST NAPA

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