https://www.taxtmi.com/caselaws?id=797418 Profiteering in a real-estate project should not be determined by comparing pre-GST and post-GST input-tax-credit-to-turnover ratios, because input tax credit and buyer collections may not accrue uniformly over the project lifecycle. A turnover-based comparison therefore lacks direct correlation with credit attributable to a particular period. The appropriate methodology computes total GST-related savings for each project and allocates the resulting benefit per square foot, ensuring purchasers of equivalent areas receive equivalent benefit. Profiteering must consequently be reconsidered project-wise using total savings and per-square-foot benefit allocation. en-us Wed, 19 Aug 2026 00:00:00 +0530 Fri, 21 Aug 2026 08:28:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797418 Profiteering in a real-estate project should not be determined by comparing pre-GST and post-GST input-tax-credit-to-turnover ratios, because input tax credit and buyer collections may not accrue uniformly over the project lifecycle. A turnover-based comparison therefore lacks direct correlation with credit attributable to a particular period. The appropriate methodology computes total GST-related savings for each project and allocates the resulting benefit per square foot, ensuring purchasers of equivalent areas receive equivalent benefit. Profiteering must consequently be reconsidered project-wise using total savings and per-square-foot benefit allocation. Case-Laws GST Wed, 19 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797418