https://www.taxtmi.com/caselaws?id=424322 NAPA found that Respondent profiteered Rs 2,73,04,997 by not passing on reduced ITC benefits to buyers of affordable housing flats/shops, violating section 171 of CGST Act. Authority ordered Respondent to reduce prices commensurate with ITC benefits received and return profiteered amount to buyers with 18% interest from profiteering date. Penalty of 10% of profiteered amount imposed for violations after 01.01.2020, waived if amount deposited within thirty days of order. en-us Fri, 17 Jun 2022 00:00:00 +0530 Thu, 03 Apr 2025 16:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424322 NAPA found that Respondent profiteered Rs 2,73,04,997 by not passing on reduced ITC benefits to buyers of affordable housing flats/shops, violating section 171 of CGST Act. Authority ordered Respondent to reduce prices commensurate with ITC benefits received and return profiteered amount to buyers with 18% interest from profiteering date. Penalty of 10% of profiteered amount imposed for violations after 01.01.2020, waived if amount deposited within thirty days of order. Case-Laws GST Fri, 17 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424322