https://www.taxtmi.com/caselaws?id=446545 The CCI held that the respondent contravened Section 171 of CGST Act by not passing on GST rate reduction benefits to customers, constituting profiteering. The profiteered amount was determined as Rs. 6,58,523. The respondent was directed to reduce prices commensurately and deposit the amount equally in Central and State Consumer Welfare Funds with 18% interest within three months. While the respondent violated profiteering provisions warranting penalty under Section 171(3A), no penalty was imposed as the violation period (July 2017-June 2019) preceded the provision's effective date (January 2020), preventing retrospective application. en-us Thu, 30 Nov 2023 00:00:00 +0530 Wed, 23 Apr 2025 12:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=446545 The CCI held that the respondent contravened Section 171 of CGST Act by not passing on GST rate reduction benefits to customers, constituting profiteering. The profiteered amount was determined as Rs. 6,58,523. The respondent was directed to reduce prices commensurately and deposit the amount equally in Central and State Consumer Welfare Funds with 18% interest within three months. While the respondent violated profiteering provisions warranting penalty under Section 171(3A), no penalty was imposed as the violation period (July 2017-June 2019) preceded the provision's effective date (January 2020), preventing retrospective application. Case-Laws GST Thu, 30 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=446545