Section 171(3A) of CGST Act comes in to force w.e.f. 01.01.2020

Ankur Jain Vs Kunj Lub Marketing Pvt. Ltd. (NAA)

It has been revealed that the Respondent has not passed on the benefit of reduction in the GST rate from 18% to 12% on the above product w.e.f. 15.11.2017 to 28.02.2018 and hence, the Respondent has violated the provisions of Section 171 (1) of the CGST Act, 2017.

It is further revealed that vide Section 112 of the Finance Act, 2019 specific penalty provisions have been added for violation of the provisions of Section 171 (1) which have come in to force w.e.f. 01.01.202

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