https://www.taxtmi.com/caselaws?id=422713 The National Anti-Profiteering Authority determined that the respondent developer contravened section 171 of CGST Act by failing to pass on GST rate reduction benefits to flat purchasers across three projects. The authority found profiteering totaling Rs. 7,23,50,135, Rs. 12,94,35,170, and Rs. 4,91,23,070 respectively for the projects during July 2017 to November 2020. The respondent was ordered to refund the profiteered amounts with 18% interest from the date of profiteering until payment. Additionally, penalty was imposed under section 171(3A) for denying Input Tax Credit benefits to buyers during the investigation period. en-us Fri, 13 May 2022 00:00:00 +0530 Thu, 03 Apr 2025 10:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422713 The National Anti-Profiteering Authority determined that the respondent developer contravened section 171 of CGST Act by failing to pass on GST rate reduction benefits to flat purchasers across three projects. The authority found profiteering totaling Rs. 7,23,50,135, Rs. 12,94,35,170, and Rs. 4,91,23,070 respectively for the projects during July 2017 to November 2020. The respondent was ordered to refund the profiteered amounts with 18% interest from the date of profiteering until payment. Additionally, penalty was imposed under section 171(3A) for denying Input Tax Credit benefits to buyers during the investigation period. Case-Laws GST Fri, 13 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422713