https://www.taxtmi.com/caselaws?id=309842 NAPA held that a property developer contravened section 171 of GST Act by failing to pass on ITC benefits to flat purchasers. The developer had fixed base prices before GST implementation and received Rs. 898.28 lacs ITC post-GST without reducing flat prices correspondingly. Since bookings occurred pre-GST but allotments post-GST, buyers should have received ITC benefits. NAPA directed DGAP to investigate all other projects under the same GST registration for potential profiteering violations during July 2017 to September 2020. en-us Fri, 30 Sep 2022 00:00:00 +0530 Sat, 05 Apr 2025 12:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=309842 NAPA held that a property developer contravened section 171 of GST Act by failing to pass on ITC benefits to flat purchasers. The developer had fixed base prices before GST implementation and received Rs. 898.28 lacs ITC post-GST without reducing flat prices correspondingly. Since bookings occurred pre-GST but allotments post-GST, buyers should have received ITC benefits. NAPA directed DGAP to investigate all other projects under the same GST registration for potential profiteering violations during July 2017 to September 2020. Case-Laws GST Fri, 30 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=309842