https://www.taxtmi.com/caselaws?id=786920 Respondent found to have realized an incremental input tax credit benefit of 0.92% post-GST and failed to pass this benefit to homebuyers in breach of the pass on obligation under Section 171(1), and was directed to disburse the quantified profiteered amount with applicable interest to eligible buyers within thirty days in accordance with buyer wise computations. The penal provision introduced later is not retroactive, so penalty for the contravention period (01.07.2017-31.03.2019) cannot be imposed. en-us Tue, 17 Feb 2026 00:00:00 +0530 Sat, 21 Feb 2026 09:29:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786920 Respondent found to have realized an incremental input tax credit benefit of 0.92% post-GST and failed to pass this benefit to homebuyers in breach of the pass on obligation under Section 171(1), and was directed to disburse the quantified profiteered amount with applicable interest to eligible buyers within thirty days in accordance with buyer wise computations. The penal provision introduced later is not retroactive, so penalty for the contravention period (01.07.2017-31.03.2019) cannot be imposed. Case-Laws GST Tue, 17 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786920