https://www.taxtmi.com/article/detailed?id=9388 Both cases centered on whether a reduction in tax rate or an increased net input tax credit obligated developers to pass benefits under Section 171. Investigations compared pre and post GST effective tax rates and ITC as a percentage of turnover, and found in one case that the effective post GST rate was higher and ITC proportion fell, and in the other that no CENVAT/ITC had been availed. On these facts the Authority concluded no qualifying benefit arose under Section 171. en-us Fri, 31 Jul 2020 08:41:28 +0530 Fri, 31 Jul 2020 08:41:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9388 Both cases centered on whether a reduction in tax rate or an increased net input tax credit obligated developers to pass benefits under Section 171. Investigations compared pre and post GST effective tax rates and ITC as a percentage of turnover, and found in one case that the effective post GST rate was higher and ITC proportion fell, and in the other that no CENVAT/ITC had been availed. On these facts the Authority concluded no qualifying benefit arose under Section 171. Articles Goods and Services Tax - GST Fri, 31 Jul 2020 08:41:28 +0530 https://www.taxtmi.com/article/detailed?id=9388