https://www.taxtmi.com/caselaws?id=426448 NAPA determined that a construction company profiteered Rs. 7,90,95,475 by failing to pass ITC benefits to homebuyers after GST implementation from July 2017. The respondent violated Section 171 of CGST Act by not providing commensurate price reductions to customers. NAPA found that excess ITC benefits given to some buyers cannot offset shortfalls to others, requiring individual compliance. Despite verification efforts by DGAP, respondent failed to provide required evidence of benefit transfer. While penalty provisions under Section 171(3A) existed, they could not be applied retrospectively as they were enacted after the violation period ended September 2019. en-us Thu, 04 Aug 2022 00:00:00 +0530 Fri, 04 Apr 2025 17:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426448 NAPA determined that a construction company profiteered Rs. 7,90,95,475 by failing to pass ITC benefits to homebuyers after GST implementation from July 2017. The respondent violated Section 171 of CGST Act by not providing commensurate price reductions to customers. NAPA found that excess ITC benefits given to some buyers cannot offset shortfalls to others, requiring individual compliance. Despite verification efforts by DGAP, respondent failed to provide required evidence of benefit transfer. While penalty provisions under Section 171(3A) existed, they could not be applied retrospectively as they were enacted after the violation period ended September 2019. Case-Laws GST Thu, 04 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426448