https://www.taxtmi.com/caselaws?id=402404 The Respondent was found to have violated Section 171(1) of the CGST Act, 2017 by not passing on the benefit of rate reduction to customers, resulting in a profiteered amount of Rs. 15,861 from 15.11.2017 to 31.01.2018. The Anti-Profiteering Authority determined the profiteered amount and imposed a penalty under Section 122(1)(i) of the Act. However, the penalty proceedings were withdrawn as the penalty provisions under Section 171(3A) of the Finance Act, 2019, effective from 01.01.2020, did not apply retrospectively to the Respondent's actions. en-us Fri, 11 Dec 2020 00:00:00 +0530 Fri, 21 Mar 2025 15:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402404 The Respondent was found to have violated Section 171(1) of the CGST Act, 2017 by not passing on the benefit of rate reduction to customers, resulting in a profiteered amount of Rs. 15,861 from 15.11.2017 to 31.01.2018. The Anti-Profiteering Authority determined the profiteered amount and imposed a penalty under Section 122(1)(i) of the Act. However, the penalty proceedings were withdrawn as the penalty provisions under Section 171(3A) of the Finance Act, 2019, effective from 01.01.2020, did not apply retrospectively to the Respondent's actions. Case-Laws GST Fri, 11 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402404