https://www.taxtmi.com/caselaws?id=393144 The authority found that the respondent had not passed on the benefit of Input Tax Credit (ITC) under GST to buyers, resulting in a profiteered amount of Rs. 22,59,91,979. The respondent was directed to pass on this amount to buyers with interest and reduce flat prices accordingly. A penalty notice was issued for contravention of Section 171 of the CGST Act, 2017. Compliance monitoring was ordered, and the respondent was given three months to comply. en-us Wed, 04 Mar 2020 00:00:00 +0530 Mon, 17 Mar 2025 15:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393144 The authority found that the respondent had not passed on the benefit of Input Tax Credit (ITC) under GST to buyers, resulting in a profiteered amount of Rs. 22,59,91,979. The respondent was directed to pass on this amount to buyers with interest and reduce flat prices accordingly. A penalty notice was issued for contravention of Section 171 of the CGST Act, 2017. Compliance monitoring was ordered, and the respondent was given three months to comply. Case-Laws GST Wed, 04 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393144