https://www.taxtmi.com/caselaws?id=400123 The respondent was found to have not passed on the benefit of Input Tax Credit (ITC) to buyers, contravening Section 171 of the CGST Act, 2017. The profiteered amount was calculated at Rs. 6,24,48,008/-, including GST, based on ITC turnover ratios pre and post-GST. The methodology used by the DGAP was deemed appropriate, and the respondent was directed to pay the profiteered amount to eligible buyers with interest, reduce prices accordingly, and undergo further investigation for compliance. Penalty under Section 171 (3A) could not be imposed retrospectively due to the timing of the violation. en-us Fri, 16 Oct 2020 00:00:00 +0530 Thu, 20 Mar 2025 11:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400123 The respondent was found to have not passed on the benefit of Input Tax Credit (ITC) to buyers, contravening Section 171 of the CGST Act, 2017. The profiteered amount was calculated at Rs. 6,24,48,008/-, including GST, based on ITC turnover ratios pre and post-GST. The methodology used by the DGAP was deemed appropriate, and the respondent was directed to pay the profiteered amount to eligible buyers with interest, reduce prices accordingly, and undergo further investigation for compliance. Penalty under Section 171 (3A) could not be imposed retrospectively due to the timing of the violation. Case-Laws GST Fri, 16 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400123