Smt. Mandalika Sakunthala Vs M/s Fabindia Overseas Pvt. Ltd
Date: November 16, 2018
Subject Matter
Allegation of profiteering is not established if reduction in the base prices of products is more than the additional ITC eligible thereon
Summary
The actual pre-GST tax rate on the products was not 27% (12.5% Excise Duty + 14.5% VAT), as had been mentioned by the Applicant No. 1 in her applications, but it was 14.5% (Nil Central Excise Duty+ 14.5% VAT) in the case of “Bathing Bar&r…
1. The present report dated 16.08.2018 has been received from the Directorate General of Anti-Profiteering (DGAP) after detailed investigation under Rule 129 (6) of the Central Goods & Services Tax (CGST) Rules, 2017 . The brief facts of the case are that two applications, both dated 21.02.2018, were filed by the Applicant No. 1 before the Standing Committee constituted under Rule 123 (1) of t…