https://www.taxtmi.com/caselaws?id=402405 The National Anti-Profiteering Authority found the Respondent guilty of not passing on tax reduction benefits to customers, amounting to Rs. 5,50,370, violating Section 171(1) of the CGST Act, 2017. The Authority determined the profiteered amount and imposed penalties under Section 122(1)(i) of the Act. However, as no specific penalty was prescribed for Section 171(1) violations under Section 122(1), the penalty proceedings were dropped. The Authority also noted that retroactive imposition of penalties under Section 171(3A) of the Finance Act, 2019 was not permissible for violations predating its enactment, leading to the withdrawal of the penalty notice against the Respondent. en-us Fri, 11 Dec 2020 00:00:00 +0530 Fri, 21 Mar 2025 15:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402405 The National Anti-Profiteering Authority found the Respondent guilty of not passing on tax reduction benefits to customers, amounting to Rs. 5,50,370, violating Section 171(1) of the CGST Act, 2017. The Authority determined the profiteered amount and imposed penalties under Section 122(1)(i) of the Act. However, as no specific penalty was prescribed for Section 171(1) violations under Section 122(1), the penalty proceedings were dropped. The Authority also noted that retroactive imposition of penalties under Section 171(3A) of the Finance Act, 2019 was not permissible for violations predating its enactment, leading to the withdrawal of the penalty notice against the Respondent. Case-Laws GST Fri, 11 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402405