https://www.taxtmi.com/caselaws?id=379832 The Respondent in the case was found to have engaged in profiteering by not passing on the benefit of a GST rate reduction from 28% to 18% to consumers, in violation of Section 171 of the CGST Act, 2017. The profiteered amount was determined to be Rs. 9,75,078, and the Respondent was directed to deposit this amount into the Central and State Consumer Welfare Funds, along with interest at 18%. Additionally, the Respondent was instructed to adjust the product price to reflect the reduced GST rate and faced potential penalties for issuing incorrect invoices. Compliance monitoring was to be overseen by the respective Commissioners of CGST/SGST. en-us Mon, 06 May 2019 00:00:00 +0530 Sat, 08 Mar 2025 10:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379832 The Respondent in the case was found to have engaged in profiteering by not passing on the benefit of a GST rate reduction from 28% to 18% to consumers, in violation of Section 171 of the CGST Act, 2017. The profiteered amount was determined to be Rs. 9,75,078, and the Respondent was directed to deposit this amount into the Central and State Consumer Welfare Funds, along with interest at 18%. Additionally, the Respondent was instructed to adjust the product price to reflect the reduced GST rate and faced potential penalties for issuing incorrect invoices. Compliance monitoring was to be overseen by the respective Commissioners of CGST/SGST. Case-Laws GST Mon, 06 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379832