https://www.taxtmi.com/caselaws?id=390276 The Respondent was found to have benefited from additional input tax credit (ITC) post-GST implementation but failed to pass on this benefit to recipients, including 473 home buyers. The total profiteered amount was determined to be Rs. 9,03,44,071/-. The Respondent was directed to reduce unit prices, pass on the ITC benefit to buyers with interest, and faced a show cause notice for penalty under Section 171(3A) of the CGST Act, 2017. The DGAP was tasked with investigating the Respondent's ITC benefits in other projects, and the Commissioner of CGST/SGST Maharashtra was ordered to monitor compliance. en-us Tue, 24 Dec 2019 00:00:00 +0530 Thu, 13 Mar 2025 14:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390276 The Respondent was found to have benefited from additional input tax credit (ITC) post-GST implementation but failed to pass on this benefit to recipients, including 473 home buyers. The total profiteered amount was determined to be Rs. 9,03,44,071/-. The Respondent was directed to reduce unit prices, pass on the ITC benefit to buyers with interest, and faced a show cause notice for penalty under Section 171(3A) of the CGST Act, 2017. The DGAP was tasked with investigating the Respondent's ITC benefits in other projects, and the Commissioner of CGST/SGST Maharashtra was ordered to monitor compliance. Case-Laws GST Tue, 24 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390276