https://www.taxtmi.com/caselaws?id=792149 The anti-profiteering referral timeline under Rule 128 was treated as directory, so delay in the Standing Committee's reference did not vitiate the proceedings. The profiteered amount was held to include GST collected on the higher realization from homebuyers, because restitution had to restore buyers to the position they would have occupied had the ITC benefit been passed on timely. Interest at 18% per annum was held recoverable from each date of excess collection until refund, and penalty under Section 171(3A) was attracted for contravention continuing after 01.01.2020, subject to the statutory proviso on timely deposit. en-us Wed, 20 May 2026 00:00:00 +0530 Fri, 05 Jun 2026 16:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792149 The anti-profiteering referral timeline under Rule 128 was treated as directory, so delay in the Standing Committee's reference did not vitiate the proceedings. The profiteered amount was held to include GST collected on the higher realization from homebuyers, because restitution had to restore buyers to the position they would have occupied had the ITC benefit been passed on timely. Interest at 18% per annum was held recoverable from each date of excess collection until refund, and penalty under Section 171(3A) was attracted for contravention continuing after 01.01.2020, subject to the statutory proviso on timely deposit. Case-Laws GST Wed, 20 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792149