https://www.taxtmi.com/caselaws?id=397921 The case involved a complaint of non-compliance with Section 171(1) of the CGST Act, 2017, as the Respondent failed to pass on Input Tax Credit benefits to buyers, resulting in profiteering. The Authority determined the profiteered amount and found the Respondent in violation of Section 171(1). The Respondent was also accused of an offense under Section 171(3A) but successfully contested the imposition of a penalty due to the prospective application of penalty provisions from January 1, 2020. The penalty proceedings were withdrawn, emphasizing procedural compliance and limitations on retrospective penalties. en-us Tue, 25 Aug 2020 00:00:00 +0530 Wed, 19 Mar 2025 18:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397921 The case involved a complaint of non-compliance with Section 171(1) of the CGST Act, 2017, as the Respondent failed to pass on Input Tax Credit benefits to buyers, resulting in profiteering. The Authority determined the profiteered amount and found the Respondent in violation of Section 171(1). The Respondent was also accused of an offense under Section 171(3A) but successfully contested the imposition of a penalty due to the prospective application of penalty provisions from January 1, 2020. The penalty proceedings were withdrawn, emphasizing procedural compliance and limitations on retrospective penalties. Case-Laws GST Tue, 25 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397921