https://www.taxtmi.com/caselaws?id=460360 CCI held that a flat developer failed to demonstrate passing on ITC benefits to post-GST home-buyers, constituting profiteering under section 171 of CGST Act. The Commission directed DGAP to conduct further investigation requiring the developer to provide comprehensive documentary evidence including buyer details, ITC amounts passed on, invoices, credit notes, and bank statements. The developer must prove lower rates were charged to post-GST buyers compared to pre-GST buyers. The burden of proof for ITC benefit pass-through lies with the seller. Application disposed with directions for enhanced investigation and compliance verification. en-us Fri, 01 Dec 2023 00:00:00 +0530 Sat, 18 Jan 2025 11:00:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=460360 CCI held that a flat developer failed to demonstrate passing on ITC benefits to post-GST home-buyers, constituting profiteering under section 171 of CGST Act. The Commission directed DGAP to conduct further investigation requiring the developer to provide comprehensive documentary evidence including buyer details, ITC amounts passed on, invoices, credit notes, and bank statements. The developer must prove lower rates were charged to post-GST buyers compared to pre-GST buyers. The burden of proof for ITC benefit pass-through lies with the seller. Application disposed with directions for enhanced investigation and compliance verification. Case-Laws GST Fri, 01 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=460360