NAA imposes Penalty for Profiteering Amount and directed it to be deposited in Consumer Welfare Funds

The National Anti-Profiteering Authority (NAA) held that the respondent has denied the benefit of tax reduction to the customers in contravention of the provisions of Section 171(1) of the CGST Act, 2017. As per Rule 136 of the CGST Rules 2017 directs the Commissioners of CGST/SGST to monitor this order under the supervision of the  DGAP  by ensuring that the amount profiteered by the Re…