https://www.taxtmi.com/caselaws?id=308938 NAPA found that two construction companies contravened section 171 of CGST Act by not passing on GST rate reduction benefits to flat buyers during 01.07.2017 to 30.09.2019. Respondent No. 1 realized additional Rs. 7,94,569 from one applicant and Rs. 29,45,27,905 from 850 other buyers. Respondent No. 2 collected Rs. 1,23,35,442 from 30 buyers. Both respondents were directed to refund profiteered amounts with 18% annual interest within three months. NAPA ordered investigation into other projects by these respondents for similar contraventions. en-us Fri, 29 Jul 2022 00:00:00 +0530 Wed, 05 Mar 2025 14:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=308938 NAPA found that two construction companies contravened section 171 of CGST Act by not passing on GST rate reduction benefits to flat buyers during 01.07.2017 to 30.09.2019. Respondent No. 1 realized additional Rs. 7,94,569 from one applicant and Rs. 29,45,27,905 from 850 other buyers. Respondent No. 2 collected Rs. 1,23,35,442 from 30 buyers. Both respondents were directed to refund profiteered amounts with 18% annual interest within three months. NAPA ordered investigation into other projects by these respondents for similar contraventions. Case-Laws GST Fri, 29 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308938