https://www.taxtmi.com/caselaws?id=422478 NAPA found that respondent real estate developer contravened Section 171 of CGST Act, 2017 by failing to pass on additional ITC benefit of 4.81% to 390 flat buyers including applicant. Developer profiteered Rs. 4,74,54,151 during July 2017 to June 2019. Authority ordered respondent to reduce flat prices commensurate with ITC benefit received and pass on future ITC benefits to buyers. No penalty imposed as Section 171(3A) penalty provision was inserted effective January 2020, after the violation period. Application disposed of within prescribed limitation period. en-us Thu, 12 May 2022 00:00:00 +0530 Thu, 03 Apr 2025 10:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422478 NAPA found that respondent real estate developer contravened Section 171 of CGST Act, 2017 by failing to pass on additional ITC benefit of 4.81% to 390 flat buyers including applicant. Developer profiteered Rs. 4,74,54,151 during July 2017 to June 2019. Authority ordered respondent to reduce flat prices commensurate with ITC benefit received and pass on future ITC benefits to buyers. No penalty imposed as Section 171(3A) penalty provision was inserted effective January 2020, after the violation period. Application disposed of within prescribed limitation period. Case-Laws GST Thu, 12 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422478