‘Wheelabrator Alloy Casting’ not passed ITC benefit to 394 Flay buyers: NAA

Kishore Arjandas Udasi Vs Wheelabrator Alloy Castings Pvt. Ltd. (NAA) Authority finds that, the Respondent has benefited from the additional ITC to the extent of 0.46% of the turnover during the period from 01.07.2017 to 31.12.2018 and hence the provisions of Section 171 of the CGST Act, 2017 have been contravened by the Respondent as he has not passed on the above benefit to his customers. The Authority detennines that, the Respondent has realized an additional amount of Rs. 3,763/- which includes both the profiteered amount @ 0.46% of the taxable amount (base price) and 12% GST on the said p...