Statutory refund interest requires correction of short computation and compensation where admitted interest remains unpaid through administrative dela...
Anti-profiteering provisions did not require a price reduction for homebuyers in the Digangana Housing Complex because the eligible input tax credit-to-purchase-value ratio decreased after GST implementation. The investigation compared eligible pre-GST credit, transitional credit, post-GST input tax credit, purchase value, and reversals attributable to exempt supplies for the project continuing across both tax periods. As no additional input tax credit benefit accrued, no contravention of the requirement to pass on such benefit through commensurate price reduction was established. The Tribunal accepted the final investigation report and disposed of the proceedings without further directions.
Anti-profiteering provisions did not require a price reduction for homebuyers in the Digangana Housing Complex because the eligible input tax credit-to-purchase-value ratio decreased after GST implementation. The investigation compared eligible pre-GST credit, transitional credit, post-GST input tax credit, purchase value, and reversals attributable to exempt supplies for the project continuing across both tax periods. As no additional input tax credit benefit accrued, no contravention of the requirement to pass on such benefit through commensurate price reduction was established. The Tribunal accepted the final investigation report and disposed of the proceedings without further directions.
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