https://www.taxtmi.com/caselaws?id=400349 The Respondent in the case was found guilty of not passing on the benefit of GST rate reduction on restaurant services. The profiteered amount was determined to be Rs. 1,04,70,664/- after adjustments, and the Respondent was directed to deposit this amount along with interest in the Consumer Welfare Funds of the Central and State Governments. The Respondent was also instructed to reduce prices to pass on the benefit of the GST rate reduction within three months, with the threat of recovery proceedings if non-compliance occurred. No penalty was imposed due to the retrospective nature of the relevant provision. en-us Wed, 28 Oct 2020 00:00:00 +0530 Fri, 21 Mar 2025 12:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400349 The Respondent in the case was found guilty of not passing on the benefit of GST rate reduction on restaurant services. The profiteered amount was determined to be Rs. 1,04,70,664/- after adjustments, and the Respondent was directed to deposit this amount along with interest in the Consumer Welfare Funds of the Central and State Governments. The Respondent was also instructed to reduce prices to pass on the benefit of the GST rate reduction within three months, with the threat of recovery proceedings if non-compliance occurred. No penalty was imposed due to the retrospective nature of the relevant provision. Case-Laws GST Wed, 28 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400349