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Panasonic India not indulge in profiteering on supply of LED TV

Shanti Prime Publication Pvt. Ltd. Anti-Profiteering — Section 171 of the CGST Act, 2017— The report has been received from the Directorate General of Anti-Profiteering (DGAP) after detailed investigation. The Kerala State Screening Committee on Anti-Profiteering had referred the present case to the Standing Committee on Anti-profiteering, alleging profiteering by the Respondent on the supply of Panasonic LED by not passing on the benefit of reduction in the rate of tax at the time of implementation of GST. It was alleged that the Respondent had indulged in profiteering in contravention of the provisions of Section 171 of CGST Act, 2017. The DGAP stated in his Report that after scrutiny of the two invoices, it was observed that there was an increase in the rate of tax on the said product from 26.79% in the pre-GST era to 28% in the post-GST era.
Held that:- The Hon’ble Anti-Profiteering Authority held that there was no reduction in the rate of tax on the above product w.e.f. 01-07-2017, therefore, the allegation of profiteering is not sustainable.State Level Screening Committee on Anti-Profiteering, Kerala. Vs. Panasonic India Pvt. Ltd. [2018] 7 TAXLOK.COM 045 (NAPA)
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