Director General of Anti-Profiteering Vs VTWO Ventures
Date: May 10, 2019
Subject Matter
VTWO Ventures guilty of profiteering on account of increasing the base prices to maintain the same selling price despite reduction in GST rates.
Summary
The NAA ruled that "From the facts of the case and the records placed before us, we find it evident that the Respondent had increased the base prices of his products w.e.f. 15.11.2017 despite reduction in the rate of GST from 28% to 18%. The DGA…
1. The present Report dated 05.12.2018 has been received from the Applicant No. 2 i.e. the Director General of Anti-Profiteering (DGAP) under Rule 129 (6) of the Central Goods & Service Tax (CGST) Rules, 2017. The facts of the case are that the Kerala State Screening Committee on Anti-Profiteering, vide minutes of its meeting held on 08.05.2018, had referred the instant matter to the Standing…