Director General of Anti-Profiteering Vs Krishna Trading Company
Date: December 17, 2019
Subject Matter
Granting of discount does not amount to passing on the benefit of tax reduction
Summary
The Respondent has admitted in his submissions that he was aware of the above tax reductions and hence he should have immediately reduced his sale prices commensurate with the rate reductions. He also cannot claim that he has not reduced the prices o…
1. A Report dated 29.10.2018 was received from the above Applicant (here-in-after referred to as the 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 a reference was received by the Standing Committee on Anti-Profiteering under Rule 128 (2) of the above Rules from the DGAP alleging that the…