Company Penalized for Not Passing GST Rate Cut on Gas Stove Glass to Consumers, Violating Section 122 CGST Act 2017.

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....Profiteering - purchase of 68766- Glass for GT 03-RO Gas Stove - benefit of reduction of rate of GST 28% to 18% not passed on - directed to reduce the price of the product and deposit profiteered amount - issuing incorrect invoices is an offence u/s 122(1)(i) - SCN issued as to why penalty should not be imposed as per the provisions of Section 122 of the CGST Act, 2017 r.w. Rule 133(3)(d) of the CGST Rules, 2017....