https://www.taxtmi.com/caselaws?id=380057 The Respondent failed to pass on the benefit of Input Tax Credit (ITC) to buyers post-GST implementation, leading to a profiteered amount of Rs. 1,01,06,773/-. The Respondent's argument that the benefit should be calculated only at project completion was rejected, and the Authority deemed the Respondent in violation of Section 171 of the CGST Act. Penalties were imposed for non-compliance, with a new Show Cause Notice issued specifically for incorrect tax invoices. The Respondent was directed to return the profiteered amount to buyers with interest, and further investigations into the Respondent's other projects were ordered to ensure compliance with anti-profiteering regulations. en-us Wed, 08 May 2019 00:00:00 +0530 Sat, 08 Mar 2025 10:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380057 The Respondent failed to pass on the benefit of Input Tax Credit (ITC) to buyers post-GST implementation, leading to a profiteered amount of Rs. 1,01,06,773/-. The Respondent's argument that the benefit should be calculated only at project completion was rejected, and the Authority deemed the Respondent in violation of Section 171 of the CGST Act. Penalties were imposed for non-compliance, with a new Show Cause Notice issued specifically for incorrect tax invoices. The Respondent was directed to return the profiteered amount to buyers with interest, and further investigations into the Respondent's other projects were ordered to ensure compliance with anti-profiteering regulations. Case-Laws GST Wed, 08 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380057