https://www.taxtmi.com/caselaws?id=397426 The Authority found that the Respondent violated Section 171(1) of the CGST Act by not passing on additional Input Tax Credit benefits to buyers, resulting in profiteering. The profiteered amount was determined at Rs. 41,82,198 for a specified period. Although the Respondent eventually passed on the benefits to buyers, a penalty was initially considered but later withdrawn as penalty provisions were not in place during the relevant period. Consequently, the penalty proceedings were dropped, and the case was closed. en-us Fri, 14 Aug 2020 00:00:00 +0530 Wed, 19 Mar 2025 14:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397426 The Authority found that the Respondent violated Section 171(1) of the CGST Act by not passing on additional Input Tax Credit benefits to buyers, resulting in profiteering. The profiteered amount was determined at Rs. 41,82,198 for a specified period. Although the Respondent eventually passed on the benefits to buyers, a penalty was initially considered but later withdrawn as penalty provisions were not in place during the relevant period. Consequently, the penalty proceedings were dropped, and the case was closed. Case-Laws GST Fri, 14 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397426