https://www.taxtmi.com/caselaws?id=796343 In transitional real-estate projects, input tax credit (ITC) benefit is project-specific and must be passed on to each eligible purchaser, including purchasers who booked units after GST implementation where post-GST construction inputs were used. Buyer-wise identified recipients must receive the unpassed benefit; deposit in the Consumer Welfare Fund is limited to genuinely unidentifiable recipients. Excess benefit given to some purchasers cannot be set off against amounts due to others. Profiteering includes GST charged on the inflated base price. Interest at 18% per annum is computed from each eligible buyer's last instalment payment until refund. Penalty cannot apply retrospectively to a contravention completed before the penal provision took effect. en-us Mon, 03 Aug 2026 00:00:00 +0530 Tue, 04 Aug 2026 09:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796343 In transitional real-estate projects, input tax credit (ITC) benefit is project-specific and must be passed on to each eligible purchaser, including purchasers who booked units after GST implementation where post-GST construction inputs were used. Buyer-wise identified recipients must receive the unpassed benefit; deposit in the Consumer Welfare Fund is limited to genuinely unidentifiable recipients. Excess benefit given to some purchasers cannot be set off against amounts due to others. Profiteering includes GST charged on the inflated base price. Interest at 18% per annum is computed from each eligible buyer's last instalment payment until refund. Penalty cannot apply retrospectively to a contravention completed before the penal provision took effect. Case-Laws GST Mon, 03 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796343