https://www.taxtmi.com/caselaws?id=402406 The case involved a Respondent who failed to pass on additional Input Tax Credit (ITC) benefits to home buyers, constituting profiteering and violating Section 171 (1) of the CGST Act, 2017. The Authority determined the profiteered amount and found the Respondent in violation of the Act. Despite liability for penalty imposition under Section 171 (3A), penalties could not be applied retrospectively, leading to the withdrawal of penalty proceedings against the Respondent. en-us Fri, 11 Dec 2020 00:00:00 +0530 Fri, 21 Mar 2025 15:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402406 The case involved a Respondent who failed to pass on additional Input Tax Credit (ITC) benefits to home buyers, constituting profiteering and violating Section 171 (1) of the CGST Act, 2017. The Authority determined the profiteered amount and found the Respondent in violation of the Act. Despite liability for penalty imposition under Section 171 (3A), penalties could not be applied retrospectively, leading to the withdrawal of penalty proceedings against the Respondent. Case-Laws GST Fri, 11 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402406