https://www.taxtmi.com/caselaws?id=309881 NAPA found the respondent real estate developer contravened Section 171 of CGST Act, 2017 by failing to pass on commensurate ITC benefits to buyers. The Authority determined ITC percentage increased from 5.07% (pre-GST) to 5.60% (post-GST) for the project. Initial profiteering amounts were calculated for four specific units totaling approximately Rs. 3.80 lakhs. However, NAPA directed DGAP to reinvestigate the matter under Rule 133(4) for the extended period from July 2017 to May 2022 (completion certificate date) to recalculate benefits proportionate to buyers' shares at time of supply. en-us Tue, 27 Sep 2022 00:00:00 +0530 Sat, 05 Apr 2025 12:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=309881 NAPA found the respondent real estate developer contravened Section 171 of CGST Act, 2017 by failing to pass on commensurate ITC benefits to buyers. The Authority determined ITC percentage increased from 5.07% (pre-GST) to 5.60% (post-GST) for the project. Initial profiteering amounts were calculated for four specific units totaling approximately Rs. 3.80 lakhs. However, NAPA directed DGAP to reinvestigate the matter under Rule 133(4) for the extended period from July 2017 to May 2022 (completion certificate date) to recalculate benefits proportionate to buyers' shares at time of supply. Case-Laws GST Tue, 27 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=309881