https://www.taxtmi.com/caselaws?id=796020 Section 171(1) requires suppliers receiving additional GST input tax credit to pass that benefit to eligible homebuyers through a commensurate reduction in prices. Free structural upgrades, fittings, additional works and other non-price benefits cannot substitute for a price reduction, regardless of their claimed value. Where the input tax credit benefit remains unpassed, the quantified profiteered amount includes GST collected on the additional realisation and remains payable to recipients. Rule 133(3)(b) requires interest at 18% per annum from collection of the higher amount until payment or recovery. Penalty may not be warranted where the relevant conduct substantially concluded before the penalty provision took effect. en-us Tue, 28 Jul 2026 00:00:00 +0530 Thu, 30 Jul 2026 08:52:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796020 Section 171(1) requires suppliers receiving additional GST input tax credit to pass that benefit to eligible homebuyers through a commensurate reduction in prices. Free structural upgrades, fittings, additional works and other non-price benefits cannot substitute for a price reduction, regardless of their claimed value. Where the input tax credit benefit remains unpassed, the quantified profiteered amount includes GST collected on the additional realisation and remains payable to recipients. Rule 133(3)(b) requires interest at 18% per annum from collection of the higher amount until payment or recovery. Penalty may not be warranted where the relevant conduct substantially concluded before the penalty provision took effect. Case-Laws GST Tue, 28 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796020