GSTAT orders Subway franchisee to deposit ₹5.45 lakh profiteering amount with interest
The GST Appellate Tribunal has directed a Pune-based Subway franchisee to deposit ₹5.45 lakh, plus 18% interest, into Consumer Welfare Funds for not passing on GST rate cut benefits. The Tribunal upheld DGAP’s findings that base prices were increased to offset the tax reduction, nullifying the intended benefit to consumers.
The GST Appellate Tribunal has directed a Pune-based Subway franchisee to deposit ₹5.45 lakh, plus 18% interest, into Consumer Welfare Funds for not passing on GST rate cut benefits. The Tribunal upheld DGAP’s findings that base prices were increased to offset the tax reduction, nullifying the intended benefit to consumers.
What's Your Reaction?
FEDA-HQ
The Federation of Economic Development Association of India (F.E.D.A) holds the distinction of being India's most venerable umbrella organization. F.E.D.A focused on promoting economic growth in India. Economic development professionals throughout the state, along with individuals and companies in related economic development fields, work together with the F.E.D.A Members and Board of Federation to help positively influence country legislation and industrial growth. With cutting edge policy research and advisory to National and State governments on trade issues. F.E.D.A is one of the leading non-profit organizations with established credentials for enhancing economic development.
