https://www.taxtmi.com/caselaws?id=400080 The Authority found the Respondent guilty of not passing on Input Tax Credit benefits to buyers in the "Synera" project, amounting to Rs. 1,42,06,267 from 01.07.2017 to 31.12.2018, violating Section 171 (1) of the CGST Act, 2017. The profiteered amount was determined under Section 171 (2), but penalty proceedings under Section 171 (3A) were withdrawn due to the retrospective limitation on penalty imposition, as penalty provisions were effective from 01.01.2020, while the violation period ended on 31.12.2018. en-us Wed, 30 Sep 2020 00:00:00 +0530 Thu, 20 Mar 2025 13:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400080 The Authority found the Respondent guilty of not passing on Input Tax Credit benefits to buyers in the "Synera" project, amounting to Rs. 1,42,06,267 from 01.07.2017 to 31.12.2018, violating Section 171 (1) of the CGST Act, 2017. The profiteered amount was determined under Section 171 (2), but penalty proceedings under Section 171 (3A) were withdrawn due to the retrospective limitation on penalty imposition, as penalty provisions were effective from 01.01.2020, while the violation period ended on 31.12.2018. Case-Laws GST Wed, 30 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400080