https://www.taxtmi.com/caselaws?id=377292 The Respondent failed to pass on the benefit of a tax rate reduction from 28% to 12% on the product "Matchless Plus TTWG Grinder" to customers as required by Section 171 of the CGST Act, 2017. The Respondent's increase in the product's base price post-tax reduction was deemed profiteering. The determined profiteered amount was revised to Rs. 32,926.36, and the Respondent was directed to reduce the product price, pay the profiteered amount with interest, and face potential penalties for issuing incorrect invoices. en-us Fri, 22 Mar 2019 00:00:00 +0530 Fri, 28 Feb 2025 15:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377292 The Respondent failed to pass on the benefit of a tax rate reduction from 28% to 12% on the product "Matchless Plus TTWG Grinder" to customers as required by Section 171 of the CGST Act, 2017. The Respondent's increase in the product's base price post-tax reduction was deemed profiteering. The determined profiteered amount was revised to Rs. 32,926.36, and the Respondent was directed to reduce the product price, pay the profiteered amount with interest, and face potential penalties for issuing incorrect invoices. Case-Laws GST Fri, 22 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377292