https://www.taxtmi.com/caselaws?id=393414 The Respondent failed to pass on the benefit of a tax reduction to consumers as mandated by Section 171 of the CGST Act. The Respondent increased base prices post-rate reduction, resulting in a profiteered amount of Rs. 21,84,79,790/-. The Respondent is directed to deposit this amount in the Consumer Welfare Funds with 18% interest and reduce prices accordingly. A penalty notice may be issued, and compliance monitoring is ordered. The judgment emphasizes the importance of passing on tax benefits to consumers and upholding the provisions of the CGST Act. en-us Fri, 06 Mar 2020 00:00:00 +0530 Mon, 17 Mar 2025 15:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393414 The Respondent failed to pass on the benefit of a tax reduction to consumers as mandated by Section 171 of the CGST Act. The Respondent increased base prices post-rate reduction, resulting in a profiteered amount of Rs. 21,84,79,790/-. The Respondent is directed to deposit this amount in the Consumer Welfare Funds with 18% interest and reduce prices accordingly. A penalty notice may be issued, and compliance monitoring is ordered. The judgment emphasizes the importance of passing on tax benefits to consumers and upholding the provisions of the CGST Act. Case-Laws GST Fri, 06 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393414