https://www.taxtmi.com/caselaws?id=449261 SC examined NAA's investigation into potential profiteering under Section 171 of CGST Act, 2017. After analyzing input tax credit (ITC) benefits and turnover ratios from 01.07.2019 to 06.03.2020, the court found no evidence of improper ITC utilization. ITC percentage decreased from 1.13% to 0.31%, leading to dismissal of proceedings against the respondent for non-compliance with anti-profiteering regulations. en-us Mon, 05 Feb 2024 00:00:00 +0530 Fri, 25 Apr 2025 17:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=449261 SC examined NAA's investigation into potential profiteering under Section 171 of CGST Act, 2017. After analyzing input tax credit (ITC) benefits and turnover ratios from 01.07.2019 to 06.03.2020, the court found no evidence of improper ITC utilization. ITC percentage decreased from 1.13% to 0.31%, leading to dismissal of proceedings against the respondent for non-compliance with anti-profiteering regulations. Case-Laws GST Mon, 05 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=449261