GST Anti-Profiteering Authority NAA slapped Rs 41.42 crore Demand on Jubilant FoodWorks for not passing GST Benefit

GST Anti-Profiteering Authority NAA slapped Rs 41.42 crore Demand on Jubilant FoodWorks for not passing GST Benefit: The National Anti-Profiteering Authority (NAA) passed the order that Jubilant FoodWorks, the franchise owner of Dominos Pizza is guilty of not passing GST rate cut benefit worth Rs 41.42 crore to the consumers on an email complaint filed by a customer. Jubilant FoodWorks had not reduced the prices of Dominos Stuffed Garlic Bread and Medium Veg Pizza despite a cut in GST rate from 18 percent to 5 percent. GST Anti-Profiteering Authority NAA in its orderdirected the Company to deposit the profiteered amount, 50:50 in the Central and the State CWFs along with interest 18%. Jubilant FoodWorks has not passed on the benefit of reduction in the rate of tax to his recipients, commensurate to the denial of ITC, during the period between 15.11.2017 to 31.05.2018 and accordingly. the quantum of denial of such benefit or the profiteered amount illegally earned by the Respondent is determined as Rs. 41,42,97,635/-. Accordingly, the Jubilant FoodWorks is directed to reduce his prices by way of commensurate reduction keeping in view the reduced rate of tax and the benefit of ITC denied. Jubilant FoodWorks is also directed to refund to the Applicant No. 1 an amount of Rs. 5.65 along with interest @18% from the date of charging of the above amount from him till its refund. He is further directed to deposit the balance amount of Rs. 41,42,97,629.35 (Rupees Forty One Crore Forty Two Lakh Ninety Seven Thousand Six Hundred Twenty Nine and Thirty Five Paise only) as per the provisions of Rule 133 (3) (c) in the ratio of 50:50 in the Central and the State CWFs along with interest 18% till the same is deposited, within a period of 3 months. Accordingly an amount of Rs. 20,71,48,814.67 (Twenty Crore Seventy One Lakh Forty Eight Thousand Eight Hundred Fourteen and Sixty Seven Paise Only) will be deposited in the Central Consumer welfare fund while the balance will be deposited in the State CWFs.