https://www.taxtmi.com/caselaws?id=790790 Additional input tax credit under GST was treated as the decisive factor for anti-profiteering, and the benefit had to be passed on to homebuyers under Section 171 even if credit was unutilised or prices were fixed under a development agreement. The profiteered amount was computed as inclusive of GST because the consideration collected already included that component, and interest at 18% per annum was stated to follow mandatorily from the date of collection until return. Penalty under Section 171(3A) was also attracted because the contravention continued after that provision came into force, subject to the statutory proviso on timely deposit. en-us Mon, 27 Apr 2026 00:00:00 +0530 Thu, 30 Apr 2026 07:19:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790790 Additional input tax credit under GST was treated as the decisive factor for anti-profiteering, and the benefit had to be passed on to homebuyers under Section 171 even if credit was unutilised or prices were fixed under a development agreement. The profiteered amount was computed as inclusive of GST because the consideration collected already included that component, and interest at 18% per annum was stated to follow mandatorily from the date of collection until return. Penalty under Section 171(3A) was also attracted because the contravention continued after that provision came into force, subject to the statutory proviso on timely deposit. Case-Laws GST Mon, 27 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790790