Anti profiteering: directory limitation, benefit not passed where prices rose; interest from notification date, penalty non retroactive.

Anti profiteering: directory limitation, benefit not passed where prices rose; interest from notification date, penalty non retroactive.Case-LawsGSTAnti profiteering provisions are treated as consumer protective and the six month period in Rule 133 is dir

Anti profiteering: directory limitation, benefit not passed where prices rose; interest from notification date, penalty non retroactive.
Case-Laws
GST
Anti profiteering provisions are treated as consumer protective and the six month period in Rule 133 is directory, so proceedings are not time barred. Where a supplier increased base prices coincident with a GST rate reduction, the presumption that tax benefit was not passed applies and the supplier is required to disgorge the profiteered

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