Benefit of Rate Reduction under GST is to be Passed on to Every Supply
LOREAL INDIA PRIVATE LIMITED Vs UNION OF INDIA & ORS. (In the High Court of Delhi)
18 October 2022
Admin
When a statute clearly provides for a manner in which something is to be done, and a duty is cast upon the supplier to extend the benefit of rate reduction by way of commensurate reduction in prices, the supplier cannot insist that instead of reducing prices, he will give extra grammage of the product. Therefore, Court directs the petitioner to deposit the principal profiteered amount after deducting the GST imposed on the net profiteered amount (which has already been deposited by the petitioner with the Department) in six equated installments commencing 10th October, 2022. The interest amount directed to be paid by the respondents as well as the penalty proceedings and further investigation by NAA in respect of other products sold by the petitioner are stayed till further orders.