GST Appellate Tribunal directs passing on or deposit of ₹3.68 crore profiteered amount with 18% interest
GST Appellate Tribunal (Principal Bench, Delhi), order dated Oct 14, 2026, directs the company to pass on/deposit a profiteered amount of ₹3.68 crore plus 18% interest.
By ScoutQuest · · 2 min read
- Profiteered Amount Directed
- ₹3.68 crore
- Interest Rate
- 18%
- Amount to Complainant
- ₹21,200
What the update says
Praxis Home Retail Ltd has informed the stock exchanges that the GST Appellate Tribunal (GSTAT), Principal Bench, Delhi, passed an order dated October 14, 2026 in the matter of DGAP v. Praxis Home Retail Limited, Case No. NAPA/20/PB/2025. The Tribunal accepted the investigation report dated March 29, 2023 submitted by the Director General of Anti-Profiteering (DGAP) and directed the company to pass on or deposit the determined profiteered amount of ₹3.68 crore, along with interest at the rate of 18%, in accordance with the directions in the order.
Where the money goes
- ₹21,200, together with applicable interest, is attributable to the identifiable complainant and is required to be passed on to that complainant.
- The balance ₹3.68 crore, together with applicable interest, is required to be deposited in the respective Consumer Welfare Funds.
- The Tribunal has not imposed any penalty under Section 171(3A) of the Central Goods and Services Tax Act, 2017, as the relevant period predates the coming into force of that provision.
What the matter relates to
The proceedings relate to the alleged failure of the company to pass on the benefit arising from the reduction in the GST rate from 28% to 18%, effective November 15, 2017, on certain goods supplied by the company, including modular kitchen components, during the period from November 15, 2017 to September 30, 2019. The Tribunal accepted the determination of the profiteered amount in the DGAP's investigation report.
What the company says
The company states that it is in the process of seeking legal advice and would take appropriate steps in the best interest of the company. It is evaluating all options including update an appeal with the appropriate authority against the order. The order entails a financial liability of ₹3.68 crore, together with applicable interest, and the company states that the order may have a financial impact to the extent of the aforesaid amount and applicable interest.
How a retail investor can read this
This is a disclosure of an order passed by a tax authority directing a payment, not a new business order or a receipt of money. The financial liability is stated at ₹3.68 crore plus interest at 18%, and the company has said it is evaluating an appeal, so the final amount and timing would depend on further proceedings.
Also from Praxis Home Retail
Board Meeting on November 5 to Consider and Approve Unaudited Results for Q2 and H1
8 Oct 2026
Unsecured inter-corporate loan of Rs. 2.50 Crore availed at 13% p.a
29 Sep 2026
Unsecured inter-corporate loan of Rs. 3.50 Crore availed at 13% per annum
25 Sep 2026
More numbers
- Profiteered amount directed to be passed on or deposited₹3,67,88,027
- Interest rate applicable on the amount18%
- Amount attributable to the identifiable complainant₹21,200
- Balance amount to be deposited in Consumer Welfare Funds₹3,67,66,827
- GST rate before reduction28%
- GST rate after reduction18%
Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.