https://www.taxtmi.com/article/detailed?id=16515 Anti-profiteering under Section 171 of the CGST Act requires suppliers to pass on the benefit of tax reduction or additional input tax credit through a commensurate reduction in prices. In a residential housing project dispute, the Tribunal applied the revised methodology for computing profiteering, held that the Rule 128 timelines were directory, and concluded that delay by the authorities did not invalidate the proceedings. It also held that GST collected on the inflated consideration formed part of the profiteered amount, with interest and penalty provisions applying as stated in the order. en-us Thu, 28 May 2026 08:22:15 +0530 Thu, 28 May 2026 08:22:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=16515 Anti-profiteering under Section 171 of the CGST Act requires suppliers to pass on the benefit of tax reduction or additional input tax credit through a commensurate reduction in prices. In a residential housing project dispute, the Tribunal applied the revised methodology for computing profiteering, held that the Rule 128 timelines were directory, and concluded that delay by the authorities did not invalidate the proceedings. It also held that GST collected on the inflated consideration formed part of the profiteered amount, with interest and penalty provisions applying as stated in the order. Articles Goods and Services Tax - GST Thu, 28 May 2026 08:22:15 +0530 https://www.taxtmi.com/article/detailed?id=16515