Anti profiteering under section 171 under cgst act, 2017
10 September 2019
Can anyone please tell me that if the Basic Price inclusive of Taxes (VAT (4%) AND EXCISE (12.5%)) as per Tender quotation was Rs. 45/Kg and after GST Act The Invoice Price inclusive of Taxes (GST @ 18%) is Rs.58.41 (in actual) then what would be the price difference which Seller can demand from the buyer as per section 171 of CGST Act,2017.
If CA has to certify this price difference then should he check.
Please answer this query as soon as possible.
11 September 2019
Government already solves the issues cames
The Consumer Affairs Ministry in the Government of India, vide its letter no. WM10(31)/2017, dated 04.07.2017, permitted the manufacturers or packers or importers of
pre-packaged commodities to affix new MRP labels (after incorporating tax changes due
to GST) in addition to existing MRP for three months from 1st Jul to 30th Sept 2017. Similar
action was taken after the GST rate reduction in November, 2017 and July, 2018