https://www.taxtmi.com/caselaws?id=789134 Real estate anti-profiteering under section 171 of the CGST Act was assessed on a project-wise basis using a fair methodology that compared pre-GST and post-GST credit ratios to purchase value, because construction projects do not show a direct turnover-ITC correlation. The material on record, including ledger entries, credit notes and recipient confirmations, was accepted as showing that input tax credit benefit had been passed on to the complainant and other homebuyers. Separate verification of the EPC contractor's ITC flow was found unnecessary for this purpose. ITC reversal for unsold units and the later report's revised approach were also accepted, and the no-profiteering conclusion stood. en-us Wed, 01 Apr 2026 00:00:00 +0530 Fri, 03 Apr 2026 08:49:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789134 Real estate anti-profiteering under section 171 of the CGST Act was assessed on a project-wise basis using a fair methodology that compared pre-GST and post-GST credit ratios to purchase value, because construction projects do not show a direct turnover-ITC correlation. The material on record, including ledger entries, credit notes and recipient confirmations, was accepted as showing that input tax credit benefit had been passed on to the complainant and other homebuyers. Separate verification of the EPC contractor's ITC flow was found unnecessary for this purpose. ITC reversal for unsold units and the later report's revised approach were also accepted, and the no-profiteering conclusion stood. Case-Laws GST Wed, 01 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789134