https://www.taxtmi.com/caselaws?id=376409 The judgment found that the Respondent had not passed on the benefit of a GST rate reduction to consumers, resulting in profiteering. The Respondent was directed to reduce the product price, deposit the profiteered amount of Rs. 10,79,813.28 with interest in the Consumer Welfare Fund, and face penalties for issuing incorrect invoices. The calculation of profiteering was based on the increase in the base price post-GST rate reduction, despite the Respondent's arguments regarding procurement prices and promotional sales. en-us Thu, 07 Mar 2019 00:00:00 +0530 Thu, 06 Mar 2025 16:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376409 The judgment found that the Respondent had not passed on the benefit of a GST rate reduction to consumers, resulting in profiteering. The Respondent was directed to reduce the product price, deposit the profiteered amount of Rs. 10,79,813.28 with interest in the Consumer Welfare Fund, and face penalties for issuing incorrect invoices. The calculation of profiteering was based on the increase in the base price post-GST rate reduction, despite the Respondent's arguments regarding procurement prices and promotional sales. Case-Laws GST Thu, 07 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376409