M/s Panasonic India (P.) Ltd. (“the respondent”) was engaged in the supply of “Panasonic LED TH43E200DX#45580”. The Kerala State Screening Committee on Anti-Profiteering alleging profiteering on the supply of “Panasonic LED TH43E200DX#45580” by not passing the benefit of reduction in the rate of tax at the time of implementation of GST w.e.f. from July 01, 2017.
The Directorate General of Anti-Profiteering (DGAP) vide Case No. 23/2018 dated December 24, 2018, stated that there was no reduction in the rate of tax on the above product w.e.f. 01-07-2017 and that the rate of tax in the Post-GST era has also been increased from 26.79% to 28%. Therefore, the allegation of profiteering is not sustainable in terms of Section 171 of the CGST Act, 2017, hence the allegation of profiteering by the Respondent was not established.
Citation: [2018] 100 taxmann.com 487 (NAA)