https://www.taxtmi.com/caselaws?id=402089 The Respondent in the case violated Section 171 of the CGST Act, 2017 by not passing on the full Input Tax Credit (ITC) benefit to homebuyers after the implementation of GST. The Respondent was found to have profiteered an amount of Rs. 2,71,11,917/- and was ordered to pass on the remaining benefit of Rs. 7,14,837/- to 20 homebuyers. Additionally, the Respondent was directed to pay interest at 18% on the profiteered amount. The authorities were tasked with ensuring compliance and reporting back within specified timelines. en-us Thu, 10 Dec 2020 00:00:00 +0530 Fri, 21 Mar 2025 15:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402089 The Respondent in the case violated Section 171 of the CGST Act, 2017 by not passing on the full Input Tax Credit (ITC) benefit to homebuyers after the implementation of GST. The Respondent was found to have profiteered an amount of Rs. 2,71,11,917/- and was ordered to pass on the remaining benefit of Rs. 7,14,837/- to 20 homebuyers. Additionally, the Respondent was directed to pay interest at 18% on the profiteered amount. The authorities were tasked with ensuring compliance and reporting back within specified timelines. Case-Laws GST Thu, 10 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402089