https://www.taxtmi.com/caselaws?id=309986 NAPA held that the respondent developer violated section 171 of CGST Act by not passing on ITC benefits to flat buyers. Investigation revealed respondent received additional ITC of 8.27% of turnover (9.88% post-GST vs 1.61% pre-GST) for the project but failed to reduce flat prices accordingly. NAPA ordered respondent to reduce prices commensurate with ITC benefit of Rs. 6,33,70,091 and imposed penalty under section 171(3A). Authority directed DGAP to investigate respondent's other projects for similar profiteering violations. en-us Tue, 16 Aug 2022 00:00:00 +0530 Fri, 04 Apr 2025 16:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=309986 NAPA held that the respondent developer violated section 171 of CGST Act by not passing on ITC benefits to flat buyers. Investigation revealed respondent received additional ITC of 8.27% of turnover (9.88% post-GST vs 1.61% pre-GST) for the project but failed to reduce flat prices accordingly. NAPA ordered respondent to reduce prices commensurate with ITC benefit of Rs. 6,33,70,091 and imposed penalty under section 171(3A). Authority directed DGAP to investigate respondent's other projects for similar profiteering violations. Case-Laws GST Tue, 16 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=309986