https://www.taxtmi.com/highlights?id=64272 Profiteering - purchase of Flat - it is alleged that the Respondent had not passed on the benefit of Input Tax Credit (ITC) to him by way of commensurate reduction in prices - the ITC as a percentage of the turnover that was available to the Respondent during the pre-GST period (April 2016 to June 2017) was 0% and during the post-GST period (July 2017 to September-2020), it was 11.76% for the Project ‘Jeevan Ananda'. This confirms that post-GST, the Respondent has benefited from additional ITC to the tune of 11.76% - NAPA en-us Sat, 25 Jun 2022 11:30:13 +0530 Sat, 25 Jun 2022 11:30:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=64272 Profiteering - purchase of Flat - it is alleged that the Respondent had not passed on the benefit of Input Tax Credit (ITC) to him by way of commensurate reduction in prices - the ITC as a percentage of the turnover that was available to the Respondent during the pre-GST period (April 2016 to June 2017) was 0% and during the post-GST period (July 2017 to September-2020), it was 11.76% for the Project ‘Jeevan Ananda'. This confirms that post-GST, the Respondent has benefited from additional ITC to the tune of 11.76% - NAPA Highlights GST Sat, 25 Jun 2022 11:30:13 +0530 https://www.taxtmi.com/highlights?id=64272