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GST: Penalty for Section 171(1) violation effective from 01.01.2020
Case Law Details
- Case Name
- Ratish Nair Vs Man Realty Ltd. (NAA)
- Appeal Number
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Ratish Nair Vs Man Realty Ltd. (NAA)
In this case Respondent has not passed on the benefit of input tax credit to his buyers w.e.f 01.07.2017 to 30.09.2018 and hence, the Respondent has violated the provisions of Section 171(1) of the CGST Act, 2017.
It is also revealed from the perusal of the CGST Act and the Rules framed under it that the Central Government vide Notification No. 01/2020- Central Tax dated 01.01.2020 has implemented the provisions of the Finance (No. 2) Act, 2019 from 01.01.2020 vide which sub-section 171 (3A) was added in Section 171 of the CGST Act, 2017 and penalty was pro...
