Case Law Details
Case Name : Shri Surya Prakash Loonkar Vs M/s Excel Rasayan Pvt. Ltd. (NAA)
Related Assessment Year :
Courts :
National Anti-Profiteering Authority
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Shri Surya Prakash Loonkar Vs M/s Excel Rasayan Pvt. Ltd. (NAA)
From the perusal of Section 122 (1) (i) of the CGST Act, 2017, it is clear that the violation of the provisions of Section 171 (1) is not covered under Section 122 (1) (i) of the CGST Act, 2017 as it does not provide penalty for not passing on the benefits of tax reduction and ITC and hence the penalty prescribed under Section 122 cannot be imposed for violation of the anti-profiteering provisions made under Section 171 of the above Act.
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