https://www.taxtmi.com/caselaws?id=291496 The High Court upheld the Anti-Profiteering Authority's decision that the Respondent violated Section 171(1) of the CGST Act, 2017 by not passing on Input Tax Credit benefits to flat buyers post-GST implementation. Despite facing penalty proceedings under Section 122(1)(i) for profiteering, the Respondent successfully argued against penalties due to the absence of penalty provisions during the violation period (July 2017 to August 2018). As retrospective imposition of penalties was not allowed, the penalty proceedings were withdrawn, emphasizing the lack of specific penalty provisions for the relevant violation period. en-us Tue, 05 Nov 2019 00:00:00 +0530 Thu, 13 Mar 2025 10:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291496 The High Court upheld the Anti-Profiteering Authority's decision that the Respondent violated Section 171(1) of the CGST Act, 2017 by not passing on Input Tax Credit benefits to flat buyers post-GST implementation. Despite facing penalty proceedings under Section 122(1)(i) for profiteering, the Respondent successfully argued against penalties due to the absence of penalty provisions during the violation period (July 2017 to August 2018). As retrospective imposition of penalties was not allowed, the penalty proceedings were withdrawn, emphasizing the lack of specific penalty provisions for the relevant violation period. Case-Laws GST Tue, 05 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291496