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The Respondent has denied the benefit rate reduction of the GST to the consumers in contravention of the provisions of Section 171 (1) of the CGST Act, 2017 and has thus resorted to profiteering. Hence, he has committed an offence under Section 171 (3A) of the CGST Act, 2017 and therefore, he is apparently liable for imposition of penalty.

Anti-Profiteering — Respondent denied the benefit rate reduction of the GST to the consumers in contravention of the provisions of Section 171 (1) of the CGST Act, 2017 and thus resorted to profiteering. Hence, he committed an offence under Section 171 (3A) of the CGST Act, 2017 and therefore, he is apparently liable for imposition of penalty under the provisions of the above Section. — Kerala State Screening Committee on Anti-Profiteering, Director General of Anti-Profiteering, Indirect Taxes & Customs Vs. IFB Industries Ltd. [2019] 19 TAXLOK.COM 014 (NAPA)

The Respondent has denied the benefit rate reduction of the GST to the consumers in contravention of the provisions of Section 171 (1) of the CGST Act, 2017 and has thus resorted to profiteering. Hence, he has committed an offence under Section 171 (3A) of the CGST Act, 2017 and therefore, he is apparently liable for imposition of penalty.

Anti-Profiteering — Respondent denied the benefit rate reduction of the GST to the consumers in contravention of the provisions of Section 171 (1) of the CGST Act, 2017 and thus resorted to profiteering. Hence, he committed an offence under Section 171 (3A) of the CGST Act, 2017 and therefore, he is apparently liable for imposition of penalty under the provisions of the above Section. — Kerala State Screening Committee on Anti-Profiteering, Director General of Anti-Profiteering, Indirect Taxes & Customs Vs. IFB Industries Ltd. [2019] 19 TAXLOK.COM 014 (NAPA)

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