https://www.taxtmi.com/caselaws?id=400081 The Anti-Profiteering Authority found the Respondent in violation of Section 171(1) of the CGST Act, 2017 for not passing on Input Tax Credit benefits to homebuyers. The Authority determined the profiteered amount to be 2,58,80,927 covering the period from 01.07.2017 to 31.12.2018. Although a penalty was initially considered, it was withdrawn due to the lack of evidence of benefit transfer and the retrospective nature of penalty provisions introduced after the violation period. en-us Thu, 08 Oct 2020 00:00:00 +0530 Thu, 20 Mar 2025 12:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400081 The Anti-Profiteering Authority found the Respondent in violation of Section 171(1) of the CGST Act, 2017 for not passing on Input Tax Credit benefits to homebuyers. The Authority determined the profiteered amount to be 2,58,80,927 covering the period from 01.07.2017 to 31.12.2018. Although a penalty was initially considered, it was withdrawn due to the lack of evidence of benefit transfer and the retrospective nature of penalty provisions introduced after the violation period. Case-Laws GST Thu, 08 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400081