https://www.taxtmi.com/caselaws?id=400630 The Respondent in the case was found to have profiteered by not passing on the benefit of Input Tax Credit (ITC) to homebuyers in the sale of flats. The Respondent was directed to pass on the balance ITC benefit to buyers, totaling a specified amount, and reduce prices accordingly. Additionally, the Respondent faced the imposition of a penalty under Section 171 (3A) of the CGST Act, 2017. The authorities were tasked with monitoring compliance and ensuring interest payments to eligible buyers, with the order delayed due to the COVID-19 pandemic. en-us Wed, 04 Nov 2020 00:00:00 +0530 Thu, 20 Mar 2025 18:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400630 The Respondent in the case was found to have profiteered by not passing on the benefit of Input Tax Credit (ITC) to homebuyers in the sale of flats. The Respondent was directed to pass on the balance ITC benefit to buyers, totaling a specified amount, and reduce prices accordingly. Additionally, the Respondent faced the imposition of a penalty under Section 171 (3A) of the CGST Act, 2017. The authorities were tasked with monitoring compliance and ensuring interest payments to eligible buyers, with the order delayed due to the COVID-19 pandemic. Case-Laws GST Wed, 04 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400630