https://www.taxtmi.com/caselaws?id=371704 The Respondent in a case involving alleged profiteering failed to reduce prices post-GST rate reduction on chocolates, leading to a determination of profiteering amount by the DGAP. The Respondent was found to have profiteered by not passing on the benefit of the GST rate reduction to consumers, resulting in penalties imposed under Section 171 of the CGST Act, 2017. The Respondent was directed to refund excess amounts, deposit profiteered amounts into the Consumer Welfare Fund, and face penalties for issuing incorrect invoices and not passing on tax reduction benefits. en-us Fri, 07 Dec 2018 00:00:00 +0530 Fri, 28 Mar 2025 13:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371704 The Respondent in a case involving alleged profiteering failed to reduce prices post-GST rate reduction on chocolates, leading to a determination of profiteering amount by the DGAP. The Respondent was found to have profiteered by not passing on the benefit of the GST rate reduction to consumers, resulting in penalties imposed under Section 171 of the CGST Act, 2017. The Respondent was directed to refund excess amounts, deposit profiteered amounts into the Consumer Welfare Fund, and face penalties for issuing incorrect invoices and not passing on tax reduction benefits. Case-Laws GST Fri, 07 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371704