Surya Prakash Loonker Vs Excel Rasayan Pvt. Ltd
Date: January 16, 2019
Subject Matter
Increasing base price of goods to maintain the same selling price after reduction in GST rates amounts to profiteering
Summary
The respondent is a supplier of detergents Fortune ADW Detergent and Fortune Rinse Aid 500 ml. The petitioner has alleged that the respondent had resorted to profiteering by not reducing the prices of the detergents even after the rate of tax on them…
The present Report, dated 04.09.2018, has been received on 07.09.2018 from the Director 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 an application dated 22.02.2018 was filed by the Applicant No. 1 before the Standing Committee, constituted under Rule 123 (1) of t…