https://www.taxtmi.com/caselaws?id=428808 NAPA held that the respondent builder contravened section 171 of CGST Act by failing to pass on input tax credit benefits of Rs. 9,03,74,981/- to 395 flat buyers during 01.07.2017 to 31.05.2020. The authority rejected respondent's claim of transferring Rs. 15,48,92,888/- benefit due to lack of proper methodology. NAPA determined the respondent profiteered at 5.69% of taxable amount plus 12% GST and directed penalty notice issuance for violations from 01.01.2020 onwards under section 171(3A). en-us Wed, 28 Sep 2022 00:00:00 +0530 Thu, 10 Apr 2025 14:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428808 NAPA held that the respondent builder contravened section 171 of CGST Act by failing to pass on input tax credit benefits of Rs. 9,03,74,981/- to 395 flat buyers during 01.07.2017 to 31.05.2020. The authority rejected respondent's claim of transferring Rs. 15,48,92,888/- benefit due to lack of proper methodology. NAPA determined the respondent profiteered at 5.69% of taxable amount plus 12% GST and directed penalty notice issuance for violations from 01.01.2020 onwards under section 171(3A). Case-Laws GST Wed, 28 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428808