https://www.taxtmi.com/caselaws?id=794631 In real estate anti-profiteering matters, the Tribunal held that project-specific comparison of pre-GST and post-GST credit to purchase value, with allocation over total saleable area, was a legally sustainable method and rejected objections based on jurisdiction, limitation, natural justice, scope and procedure. It found that the ITC-to-purchase-value ratio increased after GST, creating additional ITC benefit that had to be passed on to each eligible homebuyer by commensurate price reduction; excess benefit to some buyers could not offset shortfall to others. Interest was upheld on the profiteered amount, but penalty was not leviable because the penal provision was inserted later and could not apply retrospectively. en-us Mon, 06 Jul 2026 00:00:00 +0530 Wed, 08 Jul 2026 09:08:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794631 In real estate anti-profiteering matters, the Tribunal held that project-specific comparison of pre-GST and post-GST credit to purchase value, with allocation over total saleable area, was a legally sustainable method and rejected objections based on jurisdiction, limitation, natural justice, scope and procedure. It found that the ITC-to-purchase-value ratio increased after GST, creating additional ITC benefit that had to be passed on to each eligible homebuyer by commensurate price reduction; excess benefit to some buyers could not offset shortfall to others. Interest was upheld on the profiteered amount, but penalty was not leviable because the penal provision was inserted later and could not apply retrospectively. Case-Laws GST Mon, 06 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794631