https://www.taxtmi.com/caselaws?id=376350 Section 171(1) of the CGST Act applies where the overall tax incidence on a supply is reduced after GST comes into force and the supplier does not pass on that benefit by commensurate price reduction. The Authority accepted the pre-GST and post-GST incidence comparison, rejected the argument that only a GST-to-GST comparison could be made, and held that increased base price after 01.07.2017 supported profiteering. It further held that contemporanea exposito and downstream VAT could not override the statutory obligation to pass on the benefit. The respondent was held liable for profiteering and directed to reduce prices and deposit the quantified amount with interest. en-us Tue, 05 Mar 2019 00:00:00 +0530 Fri, 28 Mar 2025 12:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376350 Section 171(1) of the CGST Act applies where the overall tax incidence on a supply is reduced after GST comes into force and the supplier does not pass on that benefit by commensurate price reduction. The Authority accepted the pre-GST and post-GST incidence comparison, rejected the argument that only a GST-to-GST comparison could be made, and held that increased base price after 01.07.2017 supported profiteering. It further held that contemporanea exposito and downstream VAT could not override the statutory obligation to pass on the benefit. The respondent was held liable for profiteering and directed to reduce prices and deposit the quantified amount with interest. Case-Laws GST Tue, 05 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376350