https://www.taxtmi.com/caselaws?id=401160 The Respondents failed to pass on the benefit of GST rate reduction from 28% to 18% as required by Section 171(1) of the CGST Act, 2017. The DGAP found that despite the Respondents' claims of passing on benefits through various means, they did not comply with the legal mandate of a commensurate reduction in prices. The profiteered amount was calculated to be Rs. 2,41,51,14,485/-, including excess GST collected. Penalties under Section 171(3A) could not be imposed retrospectively. The Respondents were directed to reduce prices, deposit the profiteered amount in Consumer Welfare Funds, and further investigations were ordered. en-us Mon, 23 Nov 2020 00:00:00 +0530 Thu, 20 Mar 2025 17:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401160 The Respondents failed to pass on the benefit of GST rate reduction from 28% to 18% as required by Section 171(1) of the CGST Act, 2017. The DGAP found that despite the Respondents' claims of passing on benefits through various means, they did not comply with the legal mandate of a commensurate reduction in prices. The profiteered amount was calculated to be Rs. 2,41,51,14,485/-, including excess GST collected. Penalties under Section 171(3A) could not be imposed retrospectively. The Respondents were directed to reduce prices, deposit the profiteered amount in Consumer Welfare Funds, and further investigations were ordered. Case-Laws GST Mon, 23 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401160