https://www.taxtmi.com/caselaws?id=428810 NAPA ruled against a construction company for not passing ITC benefits to flat buyers under Section 171 of CGST Act. The developer profiteered Rs. 26,33,536 by retaining 5.92% ITC benefit during July 2017 to November 2020 for a project in Indore. NAPA ordered the company to reduce flat prices commensurate with ITC benefits received, refund the profiteered amount with 18% interest from the date of profiteering until payment, and face penalty proceedings for the period from January 2020 onwards under Section 171(3A) of CGST Act. en-us Fri, 30 Sep 2022 00:00:00 +0530 Thu, 10 Apr 2025 14:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428810 NAPA ruled against a construction company for not passing ITC benefits to flat buyers under Section 171 of CGST Act. The developer profiteered Rs. 26,33,536 by retaining 5.92% ITC benefit during July 2017 to November 2020 for a project in Indore. NAPA ordered the company to reduce flat prices commensurate with ITC benefits received, refund the profiteered amount with 18% interest from the date of profiteering until payment, and face penalty proceedings for the period from January 2020 onwards under Section 171(3A) of CGST Act. Case-Laws GST Fri, 30 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428810