https://www.taxtmi.com/caselaws?id=389082 NAPA held that the supplier must pass on the actual benefit of additional input tax credit to flat buyers through a commensurate price reduction, and that selective discounts or customer-specific rebates do not satisfy section 171. On the return data and reconciliations, the revised comparison showed a higher ITC ratio in the GST period, so the respondent was found to have contravened the anti-profiteering requirement. The Authority upheld the revised profiteering computation, rejecting objections on VAT credit, project bifurcation, and sold-area figures, and accepted the revised amount determined for buyers. It also directed penalty proceedings, compliance monitoring, and a separate inquiry into the commercial project. en-us Wed, 27 Nov 2019 00:00:00 +0530 Wed, 12 Mar 2025 17:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389082 NAPA held that the supplier must pass on the actual benefit of additional input tax credit to flat buyers through a commensurate price reduction, and that selective discounts or customer-specific rebates do not satisfy section 171. On the return data and reconciliations, the revised comparison showed a higher ITC ratio in the GST period, so the respondent was found to have contravened the anti-profiteering requirement. The Authority upheld the revised profiteering computation, rejecting objections on VAT credit, project bifurcation, and sold-area figures, and accepted the revised amount determined for buyers. It also directed penalty proceedings, compliance monitoring, and a separate inquiry into the commercial project. Case-Laws GST Wed, 27 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389082