https://www.taxtmi.com/caselaws?id=422522 NAPA held that respondent contravened Section 171 of CGST Act 2017 by not passing GST rate reduction benefit on paint from 28% to 18% effective 27.7.2018 to customers. Authority determined profiteered amount at Rs. 4,19,069 based on DGAP report. Respondent directed to deposit amount in equal parts to Central and Karnataka Consumer Welfare Funds with 18% interest within 3 months. No penalty imposed as Section 171(3A) provisions came into force from 1.1.2020 while violation period was 27.7.2018 to 30.9.2018, preventing retrospective application. en-us Thu, 12 May 2022 00:00:00 +0530 Thu, 03 Apr 2025 10:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422522 NAPA held that respondent contravened Section 171 of CGST Act 2017 by not passing GST rate reduction benefit on paint from 28% to 18% effective 27.7.2018 to customers. Authority determined profiteered amount at Rs. 4,19,069 based on DGAP report. Respondent directed to deposit amount in equal parts to Central and Karnataka Consumer Welfare Funds with 18% interest within 3 months. No penalty imposed as Section 171(3A) provisions came into force from 1.1.2020 while violation period was 27.7.2018 to 30.9.2018, preventing retrospective application. Case-Laws GST Thu, 12 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422522