https://www.taxtmi.com/caselaws?id=789289 Additional input tax credit under GST must be passed on through a commensurate reduction in price; where the benefit is not passed on, the amount is treated as profiteering and is recoverable with interest. The material described in the note indicates that the post-GST input tax credit ratio increased, the benefit was not transmitted to homebuyers, and the quantified profiteered amount was therefore liable to refund with interest at 18% per annum. The note also states that penalty under Section 171(3A) applies where the contravention falls within the provision's operative period, subject to the statutory saving for timely deposit. en-us Thu, 02 Apr 2026 00:00:00 +0530 Mon, 06 Apr 2026 08:51:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789289 Additional input tax credit under GST must be passed on through a commensurate reduction in price; where the benefit is not passed on, the amount is treated as profiteering and is recoverable with interest. The material described in the note indicates that the post-GST input tax credit ratio increased, the benefit was not transmitted to homebuyers, and the quantified profiteered amount was therefore liable to refund with interest at 18% per annum. The note also states that penalty under Section 171(3A) applies where the contravention falls within the provision's operative period, subject to the statutory saving for timely deposit. Case-Laws GST Thu, 02 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789289