https://www.taxtmi.com/caselaws?id=426292 NAPA found that the respondent real estate developer violated Section 171 of CGST Act by not passing on Input Tax Credit benefits to flat buyers in The Elegance Project, Jaipur. The developer charged GST at 12% on pre-GST basic prices without reducing prices by 4.80% to reflect ITC benefits. NAPA ordered the respondent to pass on Rs. 16,49,897 to 39 buyers, including Rs. 1,08,480 and Rs. 1,55,904 to the two applicants respectively, with 18% interest from collection date until payment within three months. No penalty was imposed as specific penalty provisions under Section 171(3A) were not in force during the violation period (01.07.2017 to 31.03.2019). en-us Fri, 29 Jul 2022 00:00:00 +0530 Sat, 05 Apr 2025 10:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426292 NAPA found that the respondent real estate developer violated Section 171 of CGST Act by not passing on Input Tax Credit benefits to flat buyers in The Elegance Project, Jaipur. The developer charged GST at 12% on pre-GST basic prices without reducing prices by 4.80% to reflect ITC benefits. NAPA ordered the respondent to pass on Rs. 16,49,897 to 39 buyers, including Rs. 1,08,480 and Rs. 1,55,904 to the two applicants respectively, with 18% interest from collection date until payment within three months. No penalty was imposed as specific penalty provisions under Section 171(3A) were not in force during the violation period (01.07.2017 to 31.03.2019). Case-Laws GST Fri, 29 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426292