https://www.taxtmi.com/caselaws?id=796109 Additional input tax credit benefits under Section 171 must be passed to each eligible homebuyer through a commensurate reduction in price. Free additional construction work or another commercial benefit cannot substitute for the prescribed price reduction, even if its asserted value exceeds the unpassed benefit. Where the benefit is not passed on, Rule 133(3)(b) requires interest at 18% per annum from collection of the higher amount until payment to the affected recipients. The notes also state that continued contravention after Section 171(3A) took effect may attract penalty, subject to the statutory proviso concerning deposit of the profiteered amount within thirty days of the order. en-us Wed, 29 Jul 2026 00:00:00 +0530 Fri, 31 Jul 2026 08:27:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796109 Additional input tax credit benefits under Section 171 must be passed to each eligible homebuyer through a commensurate reduction in price. Free additional construction work or another commercial benefit cannot substitute for the prescribed price reduction, even if its asserted value exceeds the unpassed benefit. Where the benefit is not passed on, Rule 133(3)(b) requires interest at 18% per annum from collection of the higher amount until payment to the affected recipients. The notes also state that continued contravention after Section 171(3A) took effect may attract penalty, subject to the statutory proviso concerning deposit of the profiteered amount within thirty days of the order. Case-Laws GST Wed, 29 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796109