https://www.taxtmi.com/caselaws?id=424411 NAPA found that a construction company failed to pass on input tax credit benefits to flat buyers, violating Section 171 of CGST Act. The company's ITC increased from 3.56% to 11.74% post-GST, creating an 8.18% benefit that should have been passed to customers. NAPA ordered refund of Rs. 6,46,06,227 with 18% interest from profiteering date to payment date. No penalty was imposed as penalty provisions under Section 171(3A) were not in force during the violation period (July 2017 to March 2019), having been introduced only from January 2020. en-us Fri, 24 Jun 2022 00:00:00 +0530 Thu, 03 Apr 2025 15:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424411 NAPA found that a construction company failed to pass on input tax credit benefits to flat buyers, violating Section 171 of CGST Act. The company's ITC increased from 3.56% to 11.74% post-GST, creating an 8.18% benefit that should have been passed to customers. NAPA ordered refund of Rs. 6,46,06,227 with 18% interest from profiteering date to payment date. No penalty was imposed as penalty provisions under Section 171(3A) were not in force during the violation period (July 2017 to March 2019), having been introduced only from January 2020. Case-Laws GST Fri, 24 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424411