https://www.taxtmi.com/caselaws?id=395252 Reduction of GST on fly ash blocks from 12% to 5% had to be passed on through a commensurate price reduction, and the pricing data showed that the base price was increased after the lower rate took effect. Assertions based on raw material costs, blocked input tax credit and freight were rejected because they did not displace the statutory duty to pass on the tax benefit. The comparison of pre-reduction average base prices with post-reduction invoice prices was accepted as a reasonable method, the profiteered amount was upheld, deposit with interest into the Consumer Welfare Funds was directed, and penalty proceedings were initiated. en-us Mon, 13 Apr 2020 00:00:00 +0530 Tue, 18 Mar 2025 12:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395252 Reduction of GST on fly ash blocks from 12% to 5% had to be passed on through a commensurate price reduction, and the pricing data showed that the base price was increased after the lower rate took effect. Assertions based on raw material costs, blocked input tax credit and freight were rejected because they did not displace the statutory duty to pass on the tax benefit. The comparison of pre-reduction average base prices with post-reduction invoice prices was accepted as a reasonable method, the profiteered amount was upheld, deposit with interest into the Consumer Welfare Funds was directed, and penalty proceedings were initiated. Case-Laws GST Mon, 13 Apr 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395252