Company Penalized for Not Passing GST Rate Cut on Gas Stove Glass to Consumers, Violating Section 122 CGST Act 2017.

Company Penalized for Not Passing GST Rate Cut on Gas Stove Glass to Consumers, Violating Section 122 CGST Act 2017. https://www.taxtmi.com/highlights?id=46310 Profiteering - purchase of 68766- Glass for GT 03-RO Gas Stove - benefit of reduction of rate of GST 28% to 18% not passed on - directed to reduce the price of the product and deposit profiteered amount - issuing incorrect invoices is an offence u/s 122(1)(i) - SCN issued as to why penalty should not be imposed as per the provisions of Section 122 of the CGST Act, 2017 r.w. Rule 133(3)(d) of the CGST Rules, 2017 en-us Mon, 06 May 2019 05:52:05 +0530 Sat, 04 May 2019 17:23:12 +0530 TaxTMI RSS Generator Company Penalized for Not Passing GST Rate Cut on Gas Stove Glass to Consumers, Violating Section 122 CGST Act 2017. https://www.taxtmi.com/highlights?id=46310 Profiteering - purchase of 68766- Glass for GT 03-RO Gas Stove - benefit of reduction of rate of GST 28% to 18% not passed on - directed to reduce the price of the product and deposit profiteered amount - issuing incorrect invoices is an offence u/s 122(1)(i) - SCN issued as to why penalty should not be imposed as per the provisions of Section 122 of the CGST Act, 2017 r.w. Rule 133(3)(d) of the CGST Rules, 2017 Highlights GST Mon, 06 May 2019 05:52:05 +0530 https://www.taxtmi.com/highlights?id=46310