Where respondent Franchisee of Subway Systems India (P.) Ltd. despite reduction in rate of GST on restaurant services from 18 per cent to 5 per cent with effect from 15-11-2017 had denied benefit of tax reduction to its customers in contravention of provisions of section 171(1) and thus resorted to profiteering in respect of restaurant services supplied, he had committed an offence under section 171(3A) and thus, would be liable to penal action
Source: taxmann.com
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