Shanti Prime Publication Pvt. Ltd.
Anti-Profiteering — The provisions of section 171 of the CGST Act, 2017 can be invoked only in cases where there was a reduction in the rate of tax or where the additional benefit of ITC was made available to the Respondent, which needed to be passes on to the recipients. The Applicant has alleged profiteering by the Respondent during the period of January 2019 whereas no such rate reduction has been affected on the product in question after 22.07.2017. Thus, the Allegation of the Applicant of Profiteering is not sustainable. — Rahul Sharma M/S. Local Circles India Pvt. Ltd., Director General of Anti-Profiteering, Indirect Taxes & Customs Vs. H.P. India Sales Pvt. Ltd.  14 TAXLOK.COM 003 (NAPA)