https://www.taxtmi.com/caselaws?id=796962 Section 171 requires suppliers to pass on benefits from tax-rate reductions or additional input tax credit through commensurate price reductions. Project-specific data certified by a chartered accountant was accepted where consolidated GST returns and financial records covering multiple projects could not be further bifurcated. The input-tax-credit-to-purchase-value ratio decreased from the pre-GST to post-GST period, indicating that no additional input tax credit accrued. Transitional VAT credit passed to eligible purchasers did not concern a purchaser whose agreement was executed after GST implementation and whose pre-GST advance VAT had been deposited with the VAT department. No anti-profiteering liability arose for the relevant transaction. en-us Tue, 11 Aug 2026 00:00:00 +0530 Thu, 13 Aug 2026 08:30:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796962 Section 171 requires suppliers to pass on benefits from tax-rate reductions or additional input tax credit through commensurate price reductions. Project-specific data certified by a chartered accountant was accepted where consolidated GST returns and financial records covering multiple projects could not be further bifurcated. The input-tax-credit-to-purchase-value ratio decreased from the pre-GST to post-GST period, indicating that no additional input tax credit accrued. Transitional VAT credit passed to eligible purchasers did not concern a purchaser whose agreement was executed after GST implementation and whose pre-GST advance VAT had been deposited with the VAT department. No anti-profiteering liability arose for the relevant transaction. Case-Laws GST Tue, 11 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796962