Manufacturer Faces Penalty for Failing to Pass GST Benefits, Issuing Incorrect Tax Invoices in FMCG Sector.
Case-Laws
GST
Profiteering – manufacturers of Fast Moving Goods Consumer Goods (FMCGs) – Respondent had compelled them to pay additional GST on the increased prices though the incorrect tax invoices which would have otherwise resulted in further benefit to the customers which he had failed to pass on – Penalty proceedings initiated.
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