https://www.taxtmi.com/caselaws?id=796020 Input tax credit benefits arising after GST implementation must be passed to eligible homebuyers through a commensurate reduction in prices under Section 171(1). Free structural upgrades, fittings, or other non-price benefits cannot substitute for that statutory mechanism, including for real-estate supplies. The notes state that unpassed benefit remains payable to recipients together with GST collected on the additional realisation and interest at 18% from collection until payment or recovery. They further state that penalty under Section 171(3A) is unwarranted where the relevant construction activity and conduct substantially concluded before that provision came into force. 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 Input tax credit benefits arising after GST implementation must be passed to eligible homebuyers through a commensurate reduction in prices under Section 171(1). Free structural upgrades, fittings, or other non-price benefits cannot substitute for that statutory mechanism, including for real-estate supplies. The notes state that unpassed benefit remains payable to recipients together with GST collected on the additional realisation and interest at 18% from collection until payment or recovery. They further state that penalty under Section 171(3A) is unwarranted where the relevant construction activity and conduct substantially concluded before that provision came into force. Case-Laws GST Tue, 28 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796020