https://www.taxtmi.com/caselaws?id=396640 The Respondent was found to have engaged in profiteering by not passing on the full benefit of Input Tax Credit (ITC) to flat buyers and charging GST on pre-GST payments. The Director General of Anti-Profiteering calculated the profiteered amount as Rs. 19,72,09,203/- and directed the Respondent to pass on the balance benefit of ITC to buyers. The Respondent was also directed to reduce prices for flat buyers accordingly and further investigation into other projects was ordered to ensure compliance with anti-profiteering provisions. The Respondent faces a penalty under Section 171(3A) of the CGST Act, 2017 for non-compliance. en-us Tue, 07 Jul 2020 00:00:00 +0530 Tue, 14 Jul 2020 12:55:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396640 The Respondent was found to have engaged in profiteering by not passing on the full benefit of Input Tax Credit (ITC) to flat buyers and charging GST on pre-GST payments. The Director General of Anti-Profiteering calculated the profiteered amount as Rs. 19,72,09,203/- and directed the Respondent to pass on the balance benefit of ITC to buyers. The Respondent was also directed to reduce prices for flat buyers accordingly and further investigation into other projects was ordered to ensure compliance with anti-profiteering provisions. The Respondent faces a penalty under Section 171(3A) of the CGST Act, 2017 for non-compliance. Case-Laws GST Tue, 07 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396640