https://www.taxtmi.com/caselaws?id=388217 The Respondent was found to have profiteered by not passing on the benefit of additional Input Tax Credit (ITC) to home buyers, contravening Section 171 of the CGST Act, 2017. The profiteered amount was calculated to be Rs. 1,27,84,694, and the Respondent was directed to refund this amount along with interest to eligible buyers within three months. Additionally, the Respondent faced potential penalty under Section 171 (3A) of the CGST Act, 2017, with authorities monitoring compliance and submitting a report within four months. en-us Tue, 05 Nov 2019 00:00:00 +0530 Mon, 11 Nov 2019 15:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388217 The Respondent was found to have profiteered by not passing on the benefit of additional Input Tax Credit (ITC) to home buyers, contravening Section 171 of the CGST Act, 2017. The profiteered amount was calculated to be Rs. 1,27,84,694, and the Respondent was directed to refund this amount along with interest to eligible buyers within three months. Additionally, the Respondent faced potential penalty under Section 171 (3A) of the CGST Act, 2017, with authorities monitoring compliance and submitting a report within four months. Case-Laws GST Tue, 05 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388217