https://www.taxtmi.com/caselaws?id=387379 The Respondent was found to have violated Section 171(1) of the CGST Act, 2017 by not passing on the additional Input Tax Credit (ITC) benefit to flat buyers. The profiteered amount was determined to be Rs. 5,06,78,069/-, with directions to pass on the benefit to buyers along with interest, reduce prices accordingly, and ensure future ITC benefits are passed on. The Respondent faced penalty proceedings under Section 171(3A) of the CGST Act, 2017, and authorities were tasked with monitoring compliance within four months. en-us Mon, 14 Oct 2019 00:00:00 +0530 Wed, 12 Mar 2025 10:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387379 The Respondent was found to have violated Section 171(1) of the CGST Act, 2017 by not passing on the additional Input Tax Credit (ITC) benefit to flat buyers. The profiteered amount was determined to be Rs. 5,06,78,069/-, with directions to pass on the benefit to buyers along with interest, reduce prices accordingly, and ensure future ITC benefits are passed on. The Respondent faced penalty proceedings under Section 171(3A) of the CGST Act, 2017, and authorities were tasked with monitoring compliance within four months. Case-Laws GST Mon, 14 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387379