Document Identification Number compliance renders TDS-default orders invalid where mandatory DIN requirements are breached and curative provision does...
Anti-profiteering obligations survive business demerger, complaint withdrawal, and customized supply arrangements where rate-reduction benefits are no...
Project-level anti-profiteering computation measures additional ITC against project expenditure, allocates the resulting saving per square foot across the project and sold area, and does not use purchase value as a turnover proxy. Only tax credit actually availed is relevant to the supplier's economic benefit; unavailed pre-GST CENVAT credit cannot notionally offset post-GST ITC, including credit on input services. GST collected on price increases arising from profiteering forms part of the benefit to be passed to homebuyers, with interest payable under the statutory scheme. Writ review does not replace specialised fact-based computations absent non-consideration of material submissions or manifest legal or jurisdictional error.
Project-level anti-profiteering computation measures additional ITC against project expenditure, allocates the resulting saving per square foot across the project and sold area, and does not use purchase value as a turnover proxy. Only tax credit actually availed is relevant to the supplier's economic benefit; unavailed pre-GST CENVAT credit cannot notionally offset post-GST ITC, including credit on input services. GST collected on price increases arising from profiteering forms part of the benefit to be passed to homebuyers, with interest payable under the statutory scheme. Writ review does not replace specialised fact-based computations absent non-consideration of material submissions or manifest legal or jurisdictional error.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
