https://www.taxtmi.com/caselaws?id=389820 The Respondent failed to pass on the benefit of Input Tax Credit (ITC) to buyers by not reducing the basic price of flats post-GST, resulting in profiteering of Rs. 4,79,04,342/- including GST. The Authority held that the DGAP correctly calculated profiteering for all customers, considering the benefit collected over the entire project. The Respondent's arguments regarding VAT credit in the pre-GST era and Tran-1 credit in the post-GST period were dismissed. Discounts offered were deemed unrelated to passing on ITC benefits. The Respondent was directed to pass on the profiteered amount to buyers with interest and faced a potential penalty under Section 171 (3A) of the CGST Act, 2017. en-us Fri, 13 Dec 2019 00:00:00 +0530 Thu, 13 Mar 2025 15:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389820 The Respondent failed to pass on the benefit of Input Tax Credit (ITC) to buyers by not reducing the basic price of flats post-GST, resulting in profiteering of Rs. 4,79,04,342/- including GST. The Authority held that the DGAP correctly calculated profiteering for all customers, considering the benefit collected over the entire project. The Respondent's arguments regarding VAT credit in the pre-GST era and Tran-1 credit in the post-GST period were dismissed. Discounts offered were deemed unrelated to passing on ITC benefits. The Respondent was directed to pass on the profiteered amount to buyers with interest and faced a potential penalty under Section 171 (3A) of the CGST Act, 2017. Case-Laws GST Fri, 13 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389820