Asian Paints not held guilty as reduction in discount rate does not amount of profiteering: NAA

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Asian Paints not held guilty as reduction in discount rate does not amount of profiteering: NAA

Asian Paints not held guilty as reduction in discount rate does not amount of profiteering: NAA

Kerala State Screening Committee on Anti-profiteering vs. Asian Paints Ltd. – [2018] 100 taxmann.com 504 (NAA)

Applicant alleged that Asian Paints indulged in profiteering on the supply of the product “Paint (AP Apex Classic WT 10 LT HSN Code 3209)”. The application examined by the Standing Committee on Anti-Profiteering and was further referred to the DGAP.

It was found that total tax rate had been reduced post implementation of the GST but price had been slightly increased which was very negligible, due to decrease in discount in post GST regime.

National Anti-Profiteering Authority held that reduction in discount didn’t amount to profiteering. Hence Asian Paints had not contravened the provisions anti-profiteering.

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