https://www.taxtmi.com/caselaws?id=428685 NAPA held that a construction company contravened Section 171 of CGST Act, 2017 by not passing on ITC benefits to home buyers. The authority found profiteering of Rs. 50,09,158 during July 2017 to October 2019, based on ITC percentage increase from 3.36% (pre-GST) to 4.27% (post-GST) period. The respondent was directed to refund the profiteered amount with 18% interest and faced penalty under Section 171(3A) for denying tax reduction benefits to customers. en-us Wed, 07 Sep 2022 00:00:00 +0530 Thu, 10 Apr 2025 15:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428685 NAPA held that a construction company contravened Section 171 of CGST Act, 2017 by not passing on ITC benefits to home buyers. The authority found profiteering of Rs. 50,09,158 during July 2017 to October 2019, based on ITC percentage increase from 3.36% (pre-GST) to 4.27% (post-GST) period. The respondent was directed to refund the profiteered amount with 18% interest and faced penalty under Section 171(3A) for denying tax reduction benefits to customers. Case-Laws GST Wed, 07 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428685