https://www.taxtmi.com/caselaws?id=428850 NAPA found respondent developer guilty of profiteering under section 171 of CGST Act by not passing ITC benefits to shop buyers in housing project. Investigation revealed respondent gained additional ITC of 6.98% of turnover during GST period (July 2017-October 2020) compared to pre-GST period. Authority ordered refund of Rs. 5,14,06,920 profiteered amount with 18% interest from profiteering date till payment. Penalty imposed for period from January 2020 onwards when penal provisions became effective. Application disposed of with directions for compliance. en-us Fri, 30 Sep 2022 00:00:00 +0530 Thu, 10 Apr 2025 14:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428850 NAPA found respondent developer guilty of profiteering under section 171 of CGST Act by not passing ITC benefits to shop buyers in housing project. Investigation revealed respondent gained additional ITC of 6.98% of turnover during GST period (July 2017-October 2020) compared to pre-GST period. Authority ordered refund of Rs. 5,14,06,920 profiteered amount with 18% interest from profiteering date till payment. Penalty imposed for period from January 2020 onwards when penal provisions became effective. Application disposed of with directions for compliance. Case-Laws GST Fri, 30 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428850