GSTAT Principal Bench Holds Anti-Profiteering Proceedings Valid Despite Rule Omission; Confirms Rs. 13.61 Crore Profiteering Liability Without Interest or Penalty
The GSTAT Principal Bench has ruled that anti-profiteering proceedings under Section 171 of the CGST Act remain valid despite the omission of certain rules and transfer of jurisdiction from NAA to GSTAT. The Tribunal upheld the finding of profiteering against the respondent, directing deposit of Rs. 13.61 crore in Consumer Welfare Funds, but declined to impose interest or penalty.
