https://www.taxtmi.com/caselaws?id=374254 The Respondent in a case involving non-passing of GST rate reduction benefits to consumers was found to have increased base prices post-GST rate reduction, leading to a profiteered amount of Rs. 6,06,752.72. The Respondent's defense of fixed MRPs set by the manufacturer was rejected, and they were directed to reduce sale prices, deposit the profiteered amount with interest, and potentially face penalties for violating the CGST Act, 2017. The judgment concluded that the Respondent engaged in profiteering and must rectify the situation as directed by the Authority. en-us Tue, 22 Jan 2019 00:00:00 +0530 Tue, 29 Jan 2019 17:02:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374254 The Respondent in a case involving non-passing of GST rate reduction benefits to consumers was found to have increased base prices post-GST rate reduction, leading to a profiteered amount of Rs. 6,06,752.72. The Respondent's defense of fixed MRPs set by the manufacturer was rejected, and they were directed to reduce sale prices, deposit the profiteered amount with interest, and potentially face penalties for violating the CGST Act, 2017. The judgment concluded that the Respondent engaged in profiteering and must rectify the situation as directed by the Authority. Case-Laws GST Tue, 22 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374254