https://www.taxtmi.com/caselaws?id=388569 The Respondent failed to pass on the benefit of Input Tax Credit (ITC) to flat buyers, resulting in a profiteered amount of Rs. 3,20,49,507/-. The Maharashtra State Screening Committee and DGAP investigations confirmed the non-apportionment of ITC benefit, violating Section 171 of the CGST Act, 2017. The methodology used by DGAP to calculate profiteering was deemed appropriate under the law. The Respondent was ordered to reduce prices in line with ITC benefits, pay the profiteered amount to buyers with interest, and ensure future ITC benefits are passed on, with monitoring by CGST/SGST Maharashtra Commissioners. en-us Fri, 15 Nov 2019 00:00:00 +0530 Mon, 18 Nov 2019 11:00:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388569 The Respondent failed to pass on the benefit of Input Tax Credit (ITC) to flat buyers, resulting in a profiteered amount of Rs. 3,20,49,507/-. The Maharashtra State Screening Committee and DGAP investigations confirmed the non-apportionment of ITC benefit, violating Section 171 of the CGST Act, 2017. The methodology used by DGAP to calculate profiteering was deemed appropriate under the law. The Respondent was ordered to reduce prices in line with ITC benefits, pay the profiteered amount to buyers with interest, and ensure future ITC benefits are passed on, with monitoring by CGST/SGST Maharashtra Commissioners. Case-Laws GST Fri, 15 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388569