https://www.taxtmi.com/caselaws?id=426123 NAPA held that respondent builder contravened section 171 of CGST Act by failing to pass on ITC benefits to homebuyers in construction services. The consolidated invoicing of land and construction at 12% GST instead of separate invoicing (which would have attracted 18% GST) resulted in profiteering of Rs.1,07,67,330 for the period July 2017 to September 2019. Respondent directed to refund profiteered amount with 18% interest to all affected buyers. However, penalty under section 171(3A) could not be imposed as the provision was inserted retrospectively from January 2020, after the violation period. en-us Mon, 25 Jul 2022 00:00:00 +0530 Sat, 05 Apr 2025 10:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426123 NAPA held that respondent builder contravened section 171 of CGST Act by failing to pass on ITC benefits to homebuyers in construction services. The consolidated invoicing of land and construction at 12% GST instead of separate invoicing (which would have attracted 18% GST) resulted in profiteering of Rs.1,07,67,330 for the period July 2017 to September 2019. Respondent directed to refund profiteered amount with 18% interest to all affected buyers. However, penalty under section 171(3A) could not be imposed as the provision was inserted retrospectively from January 2020, after the violation period. Case-Laws GST Mon, 25 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426123