https://www.taxtmi.com/caselaws?id=303702 The case involved determining whether the Respondent passed on the benefit of a GST rate reduction on "Power Bank" products from 28% to 18% to recipients as mandated by the CGST Act. The investigation found that the Respondent had profiteered by Rs. 5,21,965 by not reducing prices despite the GST rate reduction. Issues of sales data-GST returns reconciliation, impact of credit notes, and segment-wise sales data were also examined. The Authority directed a re-investigation and re-computation of the profiteered amount based on fresh data, with the Respondent required to cooperate fully. en-us Thu, 27 Feb 2020 00:00:00 +0530 Sat, 15 Mar 2025 14:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303702 The case involved determining whether the Respondent passed on the benefit of a GST rate reduction on "Power Bank" products from 28% to 18% to recipients as mandated by the CGST Act. The investigation found that the Respondent had profiteered by Rs. 5,21,965 by not reducing prices despite the GST rate reduction. Issues of sales data-GST returns reconciliation, impact of credit notes, and segment-wise sales data were also examined. The Authority directed a re-investigation and re-computation of the profiteered amount based on fresh data, with the Respondent required to cooperate fully. Case-Laws GST Thu, 27 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303702