https://www.taxtmi.com/article/detailed?id=8203 Investigators found that the respondent increased basic retail prices by an amount equal to the GST rate reduction despite access to Input Tax Credit, constituting profiteering under Section 171; incorrect invoicing was also found. Remedies prescribed included refund with interest to the identifiable purchaser, deposit of remaining unidentifiable-consumer amounts into the Consumer Welfare Fund with interest, and initiation of penalty and interest proceedings under the CGST framework, with recovery provisions for noncompliance. en-us Thu, 11 Oct 2018 11:30:10 +0530 Thu, 11 Oct 2018 11:30:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8203 Investigators found that the respondent increased basic retail prices by an amount equal to the GST rate reduction despite access to Input Tax Credit, constituting profiteering under Section 171; incorrect invoicing was also found. Remedies prescribed included refund with interest to the identifiable purchaser, deposit of remaining unidentifiable-consumer amounts into the Consumer Welfare Fund with interest, and initiation of penalty and interest proceedings under the CGST framework, with recovery provisions for noncompliance. Articles Goods and Services Tax - GST Thu, 11 Oct 2018 11:30:10 +0530 https://www.taxtmi.com/article/detailed?id=8203