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.
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Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" Restaurant Service Not Profiteering: Price Hike Due to Input Tax Credit Denial u\/s 171 of CGST Act, 2017.Case-LawsGSTAnti-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 … Continue reading “Restaurant Service Not Profiteering: Price Hike Due to Input Tax Credit Denial u\/s 171 of CGST Act, 2017.”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-14180","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/14180","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14180"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/14180\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14180"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14180"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14180"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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