https://www.taxtmi.com/caselaws?id=370668 The court dismissed the application alleging profiteering by a respondent for not passing on tax rate reduction benefits post-GST implementation. The respondent reduced base prices to maintain the same MRP, ensuring compliance with Section 171 of the CGST Act. Despite increased tax liability, the respondent did not breach anti-profiteering provisions as there was no increase in Input Tax Credit post-GST. The court emphasized the importance of passing on benefits to consumers and maintaining transparent pricing strategies to avoid allegations of profiteering. en-us Fri, 16 Nov 2018 00:00:00 +0530 Sat, 02 Feb 2019 12:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=370668 The court dismissed the application alleging profiteering by a respondent for not passing on tax rate reduction benefits post-GST implementation. The respondent reduced base prices to maintain the same MRP, ensuring compliance with Section 171 of the CGST Act. Despite increased tax liability, the respondent did not breach anti-profiteering provisions as there was no increase in Input Tax Credit post-GST. The court emphasized the importance of passing on benefits to consumers and maintaining transparent pricing strategies to avoid allegations of profiteering. Case-Laws GST Fri, 16 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=370668