https://www.taxtmi.com/caselaws?id=428811 NAPA determined that a construction service provider contravened Section 171 of CGST Act by not passing on ITC benefits to shop buyers. The respondent received additional ITC of 1.74% of turnover post-GST implementation but failed to reduce prices accordingly. NAPA ordered refund of Rs. 24,78,383 profiteered amount to 178 customers with 18% interest from profiteering date until payment. The respondent must also reduce future prices commensurate with ITC benefits received. No penalty was imposed as the investigation period preceded the penalty provision's effective date of January 1, 2020. 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=428811 NAPA determined that a construction service provider contravened Section 171 of CGST Act by not passing on ITC benefits to shop buyers. The respondent received additional ITC of 1.74% of turnover post-GST implementation but failed to reduce prices accordingly. NAPA ordered refund of Rs. 24,78,383 profiteered amount to 178 customers with 18% interest from profiteering date until payment. The respondent must also reduce future prices commensurate with ITC benefits received. No penalty was imposed as the investigation period preceded the penalty provision's effective date of January 1, 2020. Case-Laws GST Fri, 30 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428811