https://www.taxtmi.com/caselaws?id=759514 The CCI examined whether a developer retained benefits from GST rate reduction or input tax credit (ITC) on construction services under Section 171 of the CGST Act, 2017. The DGAP verified that the respondent opted for 5% GST without ITC, reversed all ITC for FY 2017-18 and 2018-19, and complied with Rule 37 of CGST Rules by reversing ITC due to delayed supplier payments. The respondent also corrected clerical errors resulting in negative credit. Since no additional ITC benefit accrued post-GST implementation, Section 171(1) provisions were not attracted and proceedings were dropped. en-us Fri, 27 Sep 2024 00:00:00 +0530 Mon, 12 May 2025 18:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=759514 The CCI examined whether a developer retained benefits from GST rate reduction or input tax credit (ITC) on construction services under Section 171 of the CGST Act, 2017. The DGAP verified that the respondent opted for 5% GST without ITC, reversed all ITC for FY 2017-18 and 2018-19, and complied with Rule 37 of CGST Rules by reversing ITC due to delayed supplier payments. The respondent also corrected clerical errors resulting in negative credit. Since no additional ITC benefit accrued post-GST implementation, Section 171(1) provisions were not attracted and proceedings were dropped. Case-Laws GST Fri, 27 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=759514