https://www.taxtmi.com/caselaws?id=396246 The Authority found the Respondent guilty of not passing on the benefit of Input Tax Credit (ITC) post-GST implementation, contravening Section 171 of the CGST Act, 2017. The Respondent was ordered to pass on the profiteered amount of Rs. 40,92,054/- to eligible buyers, including Rs. 6,982/- to Applicant No. 1, with 18% interest per annum. Additionally, the Respondent was directed to lower flat prices accordingly, ensure future ITC benefits are passed on, and comply with monitoring by the Commissioners of CGST/SGST UP within four months. en-us Wed, 17 Jun 2020 00:00:00 +0530 Tue, 18 Mar 2025 12:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396246 The Authority found the Respondent guilty of not passing on the benefit of Input Tax Credit (ITC) post-GST implementation, contravening Section 171 of the CGST Act, 2017. The Respondent was ordered to pass on the profiteered amount of Rs. 40,92,054/- to eligible buyers, including Rs. 6,982/- to Applicant No. 1, with 18% interest per annum. Additionally, the Respondent was directed to lower flat prices accordingly, ensure future ITC benefits are passed on, and comply with monitoring by the Commissioners of CGST/SGST UP within four months. Case-Laws GST Wed, 17 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396246