https://www.taxtmi.com/caselaws?id=400476 The Anti-profiteering Authority found the respondent in violation of Section 171(1) of the CGST Act for not passing on additional Input Tax Credit benefits to home buyers. The respondent was directed to refund the profiteered amount of Rs. 2,88,43,422 for the period from July 2017 to December 2018. Although the respondent was liable for penalty under Section 171(3A), the Authority withdrew the penalty proceedings as the provision was not in effect during the violation period, emphasizing the principle of non-retrospective imposition of penalties in alignment with legislative effective dates. en-us Thu, 29 Oct 2020 00:00:00 +0530 Fri, 21 Mar 2025 12:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400476 The Anti-profiteering Authority found the respondent in violation of Section 171(1) of the CGST Act for not passing on additional Input Tax Credit benefits to home buyers. The respondent was directed to refund the profiteered amount of Rs. 2,88,43,422 for the period from July 2017 to December 2018. Although the respondent was liable for penalty under Section 171(3A), the Authority withdrew the penalty proceedings as the provision was not in effect during the violation period, emphasizing the principle of non-retrospective imposition of penalties in alignment with legislative effective dates. Case-Laws GST Thu, 29 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400476