https://www.taxtmi.com/caselaws?id=424324 NAPA held that Respondent developer contravened Section 171 CGST Act by failing to pass on ITC benefits to flat buyers. Authority found additional ITC benefit of 3.31% of turnover (Rs. 1,42,45,741) was not passed to customers in Sports Ville project. Respondent directed to refund profiteered amount with 18% interest within 3 months. Penalty under Section 171(3A) could not be imposed retrospectively as provision came into force from 01.01.2020 while violation occurred during 01.07.2017 to 31.12.2018. en-us Fri, 24 Jun 2022 00:00:00 +0530 Thu, 03 Apr 2025 15:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424324 NAPA held that Respondent developer contravened Section 171 CGST Act by failing to pass on ITC benefits to flat buyers. Authority found additional ITC benefit of 3.31% of turnover (Rs. 1,42,45,741) was not passed to customers in Sports Ville project. Respondent directed to refund profiteered amount with 18% interest within 3 months. Penalty under Section 171(3A) could not be imposed retrospectively as provision came into force from 01.01.2020 while violation occurred during 01.07.2017 to 31.12.2018. Case-Laws GST Fri, 24 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424324