https://www.taxtmi.com/article/detailed?id=8790 Denial of Input Tax Credit benefit by a property developer led to realization of excess price and over collection of GST from buyers; investigators quantified an additional ITC percentage that should have reduced base prices, the authority directed the developer to pass the commensurate benefit to affected purchasers for units sold and to continue passing on subsequent ITC accruals, and ordered supervisory monitoring and potential penal action for incorrect invoicing and non compliance with anti profiteering obligations. en-us Tue, 22 Oct 2019 07:26:30 +0530 Tue, 22 Oct 2019 07:26:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8790 Denial of Input Tax Credit benefit by a property developer led to realization of excess price and over collection of GST from buyers; investigators quantified an additional ITC percentage that should have reduced base prices, the authority directed the developer to pass the commensurate benefit to affected purchasers for units sold and to continue passing on subsequent ITC accruals, and ordered supervisory monitoring and potential penal action for incorrect invoicing and non compliance with anti profiteering obligations. Articles Goods and Services Tax - GST Tue, 22 Oct 2019 07:26:30 +0530 https://www.taxtmi.com/article/detailed?id=8790