https://www.taxtmi.com/caselaws?id=426290 NAPA found construction service provider contravened Section 171 of CGST Act, 2017 by not passing on additional ITC benefit of 5.86% to homebuyers during July 2017-March 2019. Authority determined profiteering amount of Rs. 54,14,439 must be returned to 17 recipients with 18% interest within three months. While respondent violated provisions warranting penalty under Section 171(3A), no penalty imposed as provision was inserted retrospectively from January 2020, after violation period. Application disposed. en-us Tue, 26 Jul 2022 00:00:00 +0530 Sat, 05 Apr 2025 10:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426290 NAPA found construction service provider contravened Section 171 of CGST Act, 2017 by not passing on additional ITC benefit of 5.86% to homebuyers during July 2017-March 2019. Authority determined profiteering amount of Rs. 54,14,439 must be returned to 17 recipients with 18% interest within three months. While respondent violated provisions warranting penalty under Section 171(3A), no penalty imposed as provision was inserted retrospectively from January 2020, after violation period. Application disposed. Case-Laws GST Tue, 26 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426290