https://www.taxtmi.com/caselaws?id=374668 The Authority found that the Respondent engaged in profiteering by not passing on the benefit of GST rate reduction to consumers. The Respondent increased base prices of products post-GST rate reduction, resulting in a profiteered amount of Rs. 41,42,97,635/-. The Authority directed the Respondent to refund the amount to the Applicant No. 1, deposit the balance in Consumer Welfare Funds, and undergo further investigation for compliance. Penalties under Section 122 (1) (i) of the CGST Act, 2017 were also considered. en-us Thu, 31 Jan 2019 00:00:00 +0530 Thu, 06 Mar 2025 12:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374668 The Authority found that the Respondent engaged in profiteering by not passing on the benefit of GST rate reduction to consumers. The Respondent increased base prices of products post-GST rate reduction, resulting in a profiteered amount of Rs. 41,42,97,635/-. The Authority directed the Respondent to refund the amount to the Applicant No. 1, deposit the balance in Consumer Welfare Funds, and undergo further investigation for compliance. Penalties under Section 122 (1) (i) of the CGST Act, 2017 were also considered. Case-Laws GST Thu, 31 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374668