https://www.taxtmi.com/caselaws?id=426125 NAPA determined that a real estate developer contravened section 171 of CGST Act by failing to pass on ITC benefits to flat purchasers. The Authority found the developer gained additional ITC of 6.33% of turnover (Rs.4,52,79,754/-) during post-GST period but failed to pass this benefit to customers. Developer's claim of passing Rs.1,78,71,200/- to customers was unverified as only 32 of 177 contacted buyers confirmed receipt. NAPA ordered the developer to pass on the full profiteered amount and imposed penalty under section 171(3A) for the period from January 2020 onwards. en-us Fri, 29 Jul 2022 00:00:00 +0530 Sat, 05 Apr 2025 10:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426125 NAPA determined that a real estate developer contravened section 171 of CGST Act by failing to pass on ITC benefits to flat purchasers. The Authority found the developer gained additional ITC of 6.33% of turnover (Rs.4,52,79,754/-) during post-GST period but failed to pass this benefit to customers. Developer's claim of passing Rs.1,78,71,200/- to customers was unverified as only 32 of 177 contacted buyers confirmed receipt. NAPA ordered the developer to pass on the full profiteered amount and imposed penalty under section 171(3A) for the period from January 2020 onwards. Case-Laws GST Fri, 29 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426125