Latest GST Judgments

For Full Access To All Latest Judgments on GST
Click Here To Subscribe Now
Take a tour of our GST Library

There is no reduction in rate of tax on “Computer Monitor of 19.5 inch” w.e.f. 01.01.2019, therefore, allegation is not sustainable

Shanti Prime Publication Pvt. Ltd.

Anti-Profiteering — The provisions of section 171 of the CGST Act, 2017 can be invoked only in cases where there was a reduction in the rate of tax or where the additional benefit of ITC was made available to the Respondent, which needed to be passes on to the recipients. The Applicant has alleged profiteering by the Respondent during the period of January 2019 whereas no such rate reduction has been affected on the product in question after 22.07.2017. Thus, the Allegation of the Applicant of Profiteering is not sustainable. — Rahul Sharma M/S. Local Circles India Pvt. Ltd., Director General of Anti-Profiteering, Indirect Taxes & Customs Vs. H.P. India Sales Pvt. Ltd. [2019] 14 TAXLOK.COM 003 (NAPA)

Check Your Tax Knowledge
Youtube
Product Demo
Professional services available
Tax Lok English Viedo
Tax Lok Hindi Viedo

FOR FREE CONDUCTED TOUR OF OUR ON-LINE LIBRARIES WITH OUR REPRESENTATIVE-- CLICK HERE

FOR ANY SUPPORT ON GST/INCOME TAX

Do You Want To Take FREE DEMO Of Our GST/Income Tax Library.