https://www.taxtmi.com/caselaws?id=402535 The Respondent failed to pass on the benefit of a tax rate reduction to customers, resulting in profiteering and violation of Section 171(1) of the CGST Act, 2017. The profiteered amount was determined to be Rs. 32,926.36 for the specified period. Although the Respondent was found in violation, penalty proceedings were withdrawn due to the retrospective inapplicability of penalty provisions introduced after the violation occurred. The judgment clarified issues related to profiteering, statutory violations, and penalty applicability under the relevant laws, ultimately leading to the withdrawal of penalty imposition against the Respondent. en-us Fri, 11 Dec 2020 00:00:00 +0530 Sat, 22 Mar 2025 11:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402535 The Respondent failed to pass on the benefit of a tax rate reduction to customers, resulting in profiteering and violation of Section 171(1) of the CGST Act, 2017. The profiteered amount was determined to be Rs. 32,926.36 for the specified period. Although the Respondent was found in violation, penalty proceedings were withdrawn due to the retrospective inapplicability of penalty provisions introduced after the violation occurred. The judgment clarified issues related to profiteering, statutory violations, and penalty applicability under the relevant laws, ultimately leading to the withdrawal of penalty imposition against the Respondent. Case-Laws GST Fri, 11 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402535