Section 171(3A) penalty cannot be imposed retrospectively: NAA

Shri Diwakar Bansal Vs M/s Horizon Projects Pvt. Ltd (National Anti-Profiteering Authority)

Respondent has not passed on the benefit of input tax credit to his buyers w.e.f 01.07.2017 to 30.06.2018 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 implemen

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