https://www.taxtmi.com/caselaws?id=381686 The Respondent was found guilty of not passing on Input Tax Credit (ITC) benefits to buyers post-GST implementation. The court ordered the Respondent to reduce prices accordingly, pass on the profiteered amount of Rs. 99,20,246/- to eligible buyers, and pay interest at 18% per annum. Additionally, a penalty was imposed for issuing incorrect tax invoices under Section 122(1)(i) of the CGST Act, 2017. The Karnataka tax authorities were tasked with overseeing compliance with the court's directives. en-us Fri, 14 Jun 2019 00:00:00 +0530 Tue, 10 Dec 2019 17:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381686 The Respondent was found guilty of not passing on Input Tax Credit (ITC) benefits to buyers post-GST implementation. The court ordered the Respondent to reduce prices accordingly, pass on the profiteered amount of Rs. 99,20,246/- to eligible buyers, and pay interest at 18% per annum. Additionally, a penalty was imposed for issuing incorrect tax invoices under Section 122(1)(i) of the CGST Act, 2017. The Karnataka tax authorities were tasked with overseeing compliance with the court's directives. Case-Laws GST Fri, 14 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381686