https://www.taxtmi.com/highlights?id=105084 Section 171 requires suppliers of Rail Neer to pass GST rate-reduction benefits through commensurate reductions in transfer prices, even where maximum retail prices are railway-regulated and supplies are subsidised or complimentary. No exclusion applies to public-sector or governmental suppliers. Profiteering may be computed through a fair, case-specific comparison between pre-GST average base prices and post-GST transaction prices; no uniform formula or advance disclosure of the exact methodology is required where the supplier participated in the investigation. Investigation duration depends on circumstances rather than a one-year limit. Interest applies only prospectively from the interest provision's effective date, while penalty for continuing contraventions remains subject to statutory waiver upon timely deposit. en-us Fri, 16 Oct 2026 05:20:55 +0530 Fri, 16 Oct 2026 05:20:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=105084 Section 171 requires suppliers of Rail Neer to pass GST rate-reduction benefits through commensurate reductions in transfer prices, even where maximum retail prices are railway-regulated and supplies are subsidised or complimentary. No exclusion applies to public-sector or governmental suppliers. Profiteering may be computed through a fair, case-specific comparison between pre-GST average base prices and post-GST transaction prices; no uniform formula or advance disclosure of the exact methodology is required where the supplier participated in the investigation. Investigation duration depends on circumstances rather than a one-year limit. Interest applies only prospectively from the interest provision's effective date, while penalty for continuing contraventions remains subject to statutory waiver upon timely deposit. Highlights GST Fri, 16 Oct 2026 05:20:55 +0530 https://www.taxtmi.com/highlights?id=105084