https://www.taxtmi.com/caselaws?id=758132 A GST rate reduction from 28% to 18% was treated as a benefit that had to be passed on through commensurate price reduction under the anti-profiteering rule. The Commission accepted that the supplier increased the base price instead of lowering the sale price, and upheld the quantified profiteered amount of Rs. 2,06,100, with interest at 18% from collection until payment, on the basis that the recipients were identifiable and the computation was supported by invoice data. Penalty was not imposed because Section 171(3A) came into force only on 01.01.2020 and could not apply retrospectively to earlier conduct. en-us Tue, 03 Sep 2024 00:00:00 +0530 Fri, 09 May 2025 20:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=758132 A GST rate reduction from 28% to 18% was treated as a benefit that had to be passed on through commensurate price reduction under the anti-profiteering rule. The Commission accepted that the supplier increased the base price instead of lowering the sale price, and upheld the quantified profiteered amount of Rs. 2,06,100, with interest at 18% from collection until payment, on the basis that the recipients were identifiable and the computation was supported by invoice data. Penalty was not imposed because Section 171(3A) came into force only on 01.01.2020 and could not apply retrospectively to earlier conduct. Case-Laws GST Tue, 03 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=758132