https://www.taxtmi.com/caselaws?id=396838 The Authority found that the Respondent had profiteered by not passing on the benefit of Input Tax Credit (ITC) to flat buyers, contravening Section 171 of the CGST Act, 2017. The Respondent was ordered to reduce flat prices to reflect the ITC benefit and pass it on to buyers with interest. A penalty under Section 171(3A) of the CGST Act, 2017 was also imposed. The Commissioners of CGST/SGST Tamil Nadu were tasked with overseeing compliance. en-us Tue, 14 Jul 2020 00:00:00 +0530 Tue, 18 Mar 2025 17:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396838 The Authority found that the Respondent had profiteered by not passing on the benefit of Input Tax Credit (ITC) to flat buyers, contravening Section 171 of the CGST Act, 2017. The Respondent was ordered to reduce flat prices to reflect the ITC benefit and pass it on to buyers with interest. A penalty under Section 171(3A) of the CGST Act, 2017 was also imposed. The Commissioners of CGST/SGST Tamil Nadu were tasked with overseeing compliance. Case-Laws GST Tue, 14 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396838