Profiteering Dispute: No Retroactive Penalty for Violating Section 171 (1) of CGST Act Before Penalty Provisions Existed.

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....Profiteering - purchase of flat - Since, no penalty provisions were in existence between the period w.e.f. 01.07.2017 to 31.12.2018 when the Respondent had violated the provisions of Section 171 (1) of the CGST Act, 2017, the penalty prescribed under Section 171 (3A) cannot be imposed on the Respondent retrospectively. - NAPA....