Anti Profiteering example in GST
Anti Profiteering example in GST of Car dealer
Anti Profiteering example in GST
Comparative rates of pre-GST and post-GST tax on the model of car purchased by the applicant which are given in Table ‘A’ below:-
TABLE ‘A’
| Duty/Tax/Cess | Pre-GST Rate (%) | Post-GST Rate (%) |
| Excise Duty (S. No. 285 of Notification No.12/2012-CE dt. 17.03.2012, as amended) | 12.5 | – |
| National Calamity Contingent Duty (NCCD) | 1 | – |
| Auto Cess | 0.125 | – |
| Infra Cess | 1 | – |
| Total (A) | 14.625 | – |
| CST (B=0.05% on A) | 0.007 | – |
| Total (C=A+B) | 14.632 | – |
| VAT(D)=(14.5% on C) | 16.622 | – |
| GST+Cess | – | 29 |
| Total tax rate (C+D) | 31.254 | 29 |
The pre-GST and post-GST ex-showroom prices of the car purchased by the applicant were also worked out as per Table ‘B’ below:-
TABLE ‘B’
| Particulars | Factor | Pre-GST (in Rs.) | Post-GST (in Rs.) |
| Basic price of Car Model:WR-V.1.2VX MT (i- VTEC) | A | 6,59,175 | 6,58,718 |
| Excise Duty @12.5% | B=A*12.5% | 82,397 | – |
| NCCD@1% | C=A*1% | 6,592 | – |
| Auto Cess @ 0.125% | D=A*0.125% | 824 | – |
| Infra Cess @1% | E=A*1% | 6,592 | – |
| Ex -factory Price | F= Add A to E | 7,55,579 | 6,58,718 |
| CST@0.05% | G= F*.05% | 378 | – |
| Freight | H | 4,452 | 4,260 |
| Transit Insurance | I | 121 | 108 |
| Dealer Landed Price | J= Add F to I | 7,60,530 | 6,63,086 |
| Dealer Margin | K | 33,619 | 33,619 |
| Dealer Price | L= J+K | 7,94,149 | 6,96,705 |
| VAT@ 14.5% | M= L*14.5% | 1,15,152 | |
| GST+Cess @ 29% | N= L*29% | 2,02,044 | |
| Ex-showroom price of Alabaster Silver colour car | 0= L+M/N | 9,09,300 | 8,98,750 |
| Additional cost of Orchid White colour car | P | 4,000 | |
| Ex-showroom price of Orchid white colour car | Q=O+P | 9,13,300 | |
| Price charged from the applicant | 8,98,750 | ||
| Benefit passed on to the applicant (excluding Rs. 4,000/- reduced for change in colour) | 10,550 |
GST Anti Profiteering Provisions : Free Study Material
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Anti Profiteering example in GST