https://www.taxtmi.com/caselaws?id=284992 The Respondent was found to have contravened Section 171 of the CGST Act, 2017 by not passing on the Input Tax Credit (ITC) benefit to buyers. A profiteered amount of Rs. 1,25,33,555, including GST, was ordered to be refunded to buyers with interest. The Respondent was directed to reduce prices commensurate with the ITC benefit and refund the profiteered amount. Failure to comply would result in recovery by the Commissioner CGST/SGST. Additionally, a penalty under Section 171(3A) was considered for denying the ITC benefit. en-us Wed, 18 Dec 2019 00:00:00 +0530 Fri, 28 Feb 2025 12:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284992 The Respondent was found to have contravened Section 171 of the CGST Act, 2017 by not passing on the Input Tax Credit (ITC) benefit to buyers. A profiteered amount of Rs. 1,25,33,555, including GST, was ordered to be refunded to buyers with interest. The Respondent was directed to reduce prices commensurate with the ITC benefit and refund the profiteered amount. Failure to comply would result in recovery by the Commissioner CGST/SGST. Additionally, a penalty under Section 171(3A) was considered for denying the ITC benefit. Case-Laws GST Wed, 18 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284992