Restaurant Service Not Profiteering: Price Hike Due to Input Tax Credit Denial u/s 171 of CGST Act, 2017.
Case-Laws
GST
Anti-Profiteering – benefit of reduction in the rate of GST in restaurant service – purchase of 6 Hara Bhara Kabab Sub – base price of the product increased from ₹ 130/- to ₹ 145/- when the GST was reduced from 18% to 5% – Section 171 of CGST Act, 2017. – Due to denial of ITC, the cost of the product increased – It is not a case of profiteering.
TMI Upd
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