https://www.taxtmi.com/caselaws?id=446464 CCI held that the respondent developer contravened Section 171 of CGST Act by not passing on ITC benefits to flat buyers. The respondent's ITC increased from 4.19% to 4.26% of turnover post-GST implementation, creating a 0.07% net benefit. Out of 85 units sold, 52 units required ITC benefit pass-through totaling Rs. 6,43,756. The profiteered amount was determined as Rs. 35,114 for the period July 2017 to December 2019. However, penalty under Section 171(3A) could not be imposed retrospectively as the provision came into force from January 2020, while the violation occurred during 2017-2019. en-us Wed, 29 Nov 2023 00:00:00 +0530 Wed, 23 Apr 2025 12:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=446464 CCI held that the respondent developer contravened Section 171 of CGST Act by not passing on ITC benefits to flat buyers. The respondent's ITC increased from 4.19% to 4.26% of turnover post-GST implementation, creating a 0.07% net benefit. Out of 85 units sold, 52 units required ITC benefit pass-through totaling Rs. 6,43,756. The profiteered amount was determined as Rs. 35,114 for the period July 2017 to December 2019. However, penalty under Section 171(3A) could not be imposed retrospectively as the provision came into force from January 2020, while the violation occurred during 2017-2019. Case-Laws GST Wed, 29 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=446464