https://www.taxtmi.com/caselaws?id=390523 The case involved allegations of profiteering by the Respondent post-GST implementation. The DGAP found that the Respondent had not passed on the benefit of Input Tax Credit (ITC) to home buyers, resulting in a profiteering amount of Rs. 2,10,57,462/-. The Respondent was directed to return this amount to eligible buyers with interest and comply with Section 171 of the CGST Act, 2017. The Authority upheld the DGAP's methodology for calculating profiteering and imposed penalties for non-compliance. Further investigations into other projects were ordered to ensure ongoing compliance. en-us Wed, 01 Jan 2020 00:00:00 +0530 Sat, 15 Mar 2025 12:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390523 The case involved allegations of profiteering by the Respondent post-GST implementation. The DGAP found that the Respondent had not passed on the benefit of Input Tax Credit (ITC) to home buyers, resulting in a profiteering amount of Rs. 2,10,57,462/-. The Respondent was directed to return this amount to eligible buyers with interest and comply with Section 171 of the CGST Act, 2017. The Authority upheld the DGAP's methodology for calculating profiteering and imposed penalties for non-compliance. Further investigations into other projects were ordered to ensure ongoing compliance. Case-Laws GST Wed, 01 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390523