Harsha1996
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The National Anti-profiteering Authority (NAA) has found direct-to-home (DTH) operator Tata Play (earlier Tata Sky) guilty of profiteering ₹450 crore from July 2017 to January 2019. In its order, the NAA has asked the company to deposit the profiteered amount in a consumer welfare fund with an interest rate of 18% in three months.
The NAA said Tata Play earned the amount by not passing on input tax credit (ITC) benefits to the customers after the introduction of goods and services tax (GST). On comparison of ITC available during pre- and post- GST regime, the authorities computed additional ITC to the tune of 4.19% which was required to be passed on by company to the consumers.
economictimes.indiatimes.com
The NAA said Tata Play earned the amount by not passing on input tax credit (ITC) benefits to the customers after the introduction of goods and services tax (GST). On comparison of ITC available during pre- and post- GST regime, the authorities computed additional ITC to the tune of 4.19% which was required to be passed on by company to the consumers.
Tata Play guilty of profiteering ₹450 cr: NAA
The NAA said Tata Play earned the amount by not passing on input tax credit (ITC) benefits to the customers after the introduction of goods and services tax (GST).
