Profiteering - levy of penalty - supply of the products ...

Company Penalized for Not Passing Tax Cut Benefits to Customers, Violating CGST Act Sections 171(1) and 171(3A) from 2020.

July 1, 2022

Case Laws GST NAPA

Profiteering - levy of penalty - supply of the products manufactured and sold by the Respondent - it is evident from the narration of facts that Respondent has denied the benefit of tax reduction to the customers in contravention of the provisions of Section 171(1) of the CGST Act, 2017 and he has thus committed an offence under Section 171(3A) of the above Act and therefore, he is liable for imposition of penalty under the provisions of the above Section with effect from 01.01.2020 onwards for the amount profiteered. - NAPA

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Profiteering - levy of penalty - supply of the products ...

Company Penalized for Not Passing Tax Cut Benefits to Customers, Violating CGST Act Sections 171(1) and 171(3A) from 2020.

July 1, 2022

Case Laws GST NAPA

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