https://www.taxtmi.com/caselaws?id=401200 A penalty for failure to pass on the benefit of a rate reduction under Section 171(1) of the CGST Act could not be imposed for a period before Section 171(3A) was inserted. Section 122(1)(i) was held not to cover this specific anti-profiteering contravention, and the later penalty provision introduced by the Finance Act, 2019 operated only prospectively from 01.01.2020. Because the alleged contravention related to an earlier period, the notice proposing penalty under Section 122(1)(i) was withdrawn. en-us Wed, 18 Nov 2020 00:00:00 +0530 Thu, 20 Mar 2025 17:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401200 A penalty for failure to pass on the benefit of a rate reduction under Section 171(1) of the CGST Act could not be imposed for a period before Section 171(3A) was inserted. Section 122(1)(i) was held not to cover this specific anti-profiteering contravention, and the later penalty provision introduced by the Finance Act, 2019 operated only prospectively from 01.01.2020. Because the alleged contravention related to an earlier period, the notice proposing penalty under Section 122(1)(i) was withdrawn. Case-Laws GST Wed, 18 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401200