https://www.taxtmi.com/caselaws?id=785572 Profiteering under the obligation to pass on input tax credit was examined in a real estate sale where area-based computation was applied and the ITC-to-turnover ratio was rejected; the respondent was found to have profiteered and must refund and distribute the calculated amount proportionately to 1,865 eligible unit buyers, with unitwise allocation provided. The investigative report was accepted and the respondent agreed to comply by refunding the profiteered sum and filing a compliance report to tax authorities evidencing distribution. Interest on the profiteered amount was noted as collectible under applicable procedural rules. The proceedings are disposed on compliance. en-us Thu, 22 Jan 2026 00:00:00 +0530 Sat, 06 Jun 2026 10:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785572 Profiteering under the obligation to pass on input tax credit was examined in a real estate sale where area-based computation was applied and the ITC-to-turnover ratio was rejected; the respondent was found to have profiteered and must refund and distribute the calculated amount proportionately to 1,865 eligible unit buyers, with unitwise allocation provided. The investigative report was accepted and the respondent agreed to comply by refunding the profiteered sum and filing a compliance report to tax authorities evidencing distribution. Interest on the profiteered amount was noted as collectible under applicable procedural rules. The proceedings are disposed on compliance. Case-Laws GST Thu, 22 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785572