Section 171 of the CGST Act, 2017— Anti- Profiteering – The DGAP submitted its report after a detailed investigation under Rule 129. The DGAP reported that the Respondent did not reduce the selling price of the “TV-3224HD”, when the GST rate was reduced from 28% to 18% w.e.f. 01.01.2019, vide Notification No. 24/2018 Central Tax (Rate) dated 31.12.2018 and thus the benefit of reduction in GST rate was not passed on to the recipients by way of commensurate reduction in the price, in terms of Section 171 . The Authority observed that the respondent has contravened the provisions of Section 171 (1). The penalty prescribed under Section 171 (3A) of the Act for violation of the above provisions has come in to force w.e.f. 01.01.2020 and the infringement pertains to the period from 01.01.2019 to 30.06.2019 and the Respondent has also deposited the profiteered amount along with the interest.

Held that:- The Hon’ble Anti-Profiteering Authority proposed no penalty to be imposed on the Respondent.