https://www.taxtmi.com/caselaws?id=386483 The Authority found that the Respondent failed to pass on the Input Tax Credit (ITC) benefit to buyers post-GST, resulting in a profiteered amount of Rs. 3,69,26,963/-. The Respondent's claims of passing on benefits were unsubstantiated, and discounts given were deemed unrelated to ITC benefits. The Authority calculated the profiteered amount based on ITC ratios pre and post-GST. The Respondent was directed to pass on the benefit with interest and faced a Show Cause Notice for penalty imposition under Section 171(3A) of the CGST Act, 2017. Compliance monitoring was assigned to the Commissioners of CGST/SGST Uttar Pradesh. en-us Thu, 26 Sep 2019 00:00:00 +0530 Tue, 11 Mar 2025 14:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386483 The Authority found that the Respondent failed to pass on the Input Tax Credit (ITC) benefit to buyers post-GST, resulting in a profiteered amount of Rs. 3,69,26,963/-. The Respondent's claims of passing on benefits were unsubstantiated, and discounts given were deemed unrelated to ITC benefits. The Authority calculated the profiteered amount based on ITC ratios pre and post-GST. The Respondent was directed to pass on the benefit with interest and faced a Show Cause Notice for penalty imposition under Section 171(3A) of the CGST Act, 2017. Compliance monitoring was assigned to the Commissioners of CGST/SGST Uttar Pradesh. Case-Laws GST Thu, 26 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386483