https://www.taxtmi.com/caselaws?id=397980 The National Anti-Profiteering Authority found the Respondent in violation of Section 171 (1) of the CGST Act, 2017 for not passing on input tax credit benefits to buyers, resulting in overcharging. Subsequently, the Authority considered imposing a penalty under Section 171 (3A) for denying ITC benefits to buyers. However, due to the non-existence of penalty provisions during the violation period, the penalty could not be applied retrospectively. As a result, the penalty proceedings against the Respondent were withdrawn, emphasizing the importance of legal compliance and the limitations on retrospective penalties. en-us Thu, 27 Aug 2020 00:00:00 +0530 Wed, 19 Mar 2025 18:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397980 The National Anti-Profiteering Authority found the Respondent in violation of Section 171 (1) of the CGST Act, 2017 for not passing on input tax credit benefits to buyers, resulting in overcharging. Subsequently, the Authority considered imposing a penalty under Section 171 (3A) for denying ITC benefits to buyers. However, due to the non-existence of penalty provisions during the violation period, the penalty could not be applied retrospectively. As a result, the penalty proceedings against the Respondent were withdrawn, emphasizing the importance of legal compliance and the limitations on retrospective penalties. Case-Laws GST Thu, 27 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397980