https://www.taxtmi.com/caselaws?id=786921 Failure to pass on the benefit of input tax credit for specified projects was found to create an enforceable liability: the quantified profiteered amount must be refunded to identifiable recipients with applicable interest calculated under the relevant rules, and a statutory penalty applies for non-deposit within the prescribed time. The analysis relied on a tax authority investigation report that quantified additional benefit from increased input tax credit, accepted by the respondent, and applied the rule for interest on amounts due; the penalty provision prescribes a percentage levy where conditions for waiver are not met. en-us Fri, 20 Feb 2026 00:00:00 +0530 Fri, 20 Feb 2026 16:44:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786921 Failure to pass on the benefit of input tax credit for specified projects was found to create an enforceable liability: the quantified profiteered amount must be refunded to identifiable recipients with applicable interest calculated under the relevant rules, and a statutory penalty applies for non-deposit within the prescribed time. The analysis relied on a tax authority investigation report that quantified additional benefit from increased input tax credit, accepted by the respondent, and applied the rule for interest on amounts due; the penalty provision prescribes a percentage levy where conditions for waiver are not met. Case-Laws GST Fri, 20 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786921