https://www.taxtmi.com/highlights?id=54476 Profiteering - supplies of “luggage trolley bag/suitcases”, namely “Tropic 45 Weekender Black” and “Neolite Strolly 53 360 (VIP) FIR - the violation of the provisions of Section 171 (1) is not covered u/s 122(1)(i) of the CGST Act, 2017 as it does not provide penalty for not passing on the benefits of tax reduction and ITC and hence the penalty prescribed u/s 122 cannot be imposed - NAPA en-us Tue, 25 Aug 2020 18:37:07 +0530 Tue, 25 Aug 2020 18:37:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=54476 Profiteering - supplies of “luggage trolley bag/suitcases”, namely “Tropic 45 Weekender Black” and “Neolite Strolly 53 360 (VIP) FIR - the violation of the provisions of Section 171 (1) is not covered u/s 122(1)(i) of the CGST Act, 2017 as it does not provide penalty for not passing on the benefits of tax reduction and ITC and hence the penalty prescribed u/s 122 cannot be imposed - NAPA Highlights GST Tue, 25 Aug 2020 18:37:07 +0530 https://www.taxtmi.com/highlights?id=54476