https://www.taxtmi.com/caselaws?id=396773 The Respondent in the case was found to have profiteered by not passing on the benefit of Input Tax Credit (ITC) to flat buyers post-GST implementation. The Director General of Anti-Profiteering (DGAP) calculated the profiteered amount as Rs. 1,70,28,230/- and directed the Respondent to refund this amount to buyers, including reducing flat prices, within three months. Failure to comply would result in recovery by the Commissioner SGST. The Respondent was also held liable for a penalty under the CGST Act for contravening Section 171 (1). en-us Fri, 10 Jul 2020 00:00:00 +0530 Tue, 18 Mar 2025 18:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396773 The Respondent in the case was found to have profiteered by not passing on the benefit of Input Tax Credit (ITC) to flat buyers post-GST implementation. The Director General of Anti-Profiteering (DGAP) calculated the profiteered amount as Rs. 1,70,28,230/- and directed the Respondent to refund this amount to buyers, including reducing flat prices, within three months. Failure to comply would result in recovery by the Commissioner SGST. The Respondent was also held liable for a penalty under the CGST Act for contravening Section 171 (1). Case-Laws GST Fri, 10 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396773