https://www.taxtmi.com/caselaws?id=372233 The Authority found that the Respondent did not violate Section 171 of the CGST Act, 2017, as they had passed on the benefit of Input Tax Credit (ITC) to the Applicant by reducing the base price post-GST implementation. The investigation revealed a decrease in the Respondent's profit margin and a reduction in prices post-GST, indicating the passing on of ITC benefits. Consequently, the application alleging profiteering was dismissed, and it was determined that there was no contravention of Section 171 (1) of the CGST Act, 2017. en-us Mon, 17 Dec 2018 00:00:00 +0530 Tue, 25 Feb 2025 12:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372233 The Authority found that the Respondent did not violate Section 171 of the CGST Act, 2017, as they had passed on the benefit of Input Tax Credit (ITC) to the Applicant by reducing the base price post-GST implementation. The investigation revealed a decrease in the Respondent's profit margin and a reduction in prices post-GST, indicating the passing on of ITC benefits. Consequently, the application alleging profiteering was dismissed, and it was determined that there was no contravention of Section 171 (1) of the CGST Act, 2017. Case-Laws GST Mon, 17 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372233