https://www.taxtmi.com/caselaws?id=798691 Statutory direct-cost price controls that bar recovery of overheads, administrative expenses and indirect tax costs prevent additional input tax credit from being treated as profiteering for regulated LIG and MIG supplies. Anti-profiteering computation is consequently confined to HIG supplies capable of a commensurate price reduction, without setting one recipient's excess benefit off against another's shortfall. Post-occupancy-certificate sales and unsold units fall outside taxable-supply quantification. Amounts not passed on attract compensatory interest at 18% per annum from collection until refund. A 10% penalty applies under section 171(3A), subject to waiver where the entire profiteered amount is passed on within the prescribed period. en-us Wed, 02 Sep 2026 00:00:00 +0530 Thu, 10 Sep 2026 08:51:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=798691 Statutory direct-cost price controls that bar recovery of overheads, administrative expenses and indirect tax costs prevent additional input tax credit from being treated as profiteering for regulated LIG and MIG supplies. Anti-profiteering computation is consequently confined to HIG supplies capable of a commensurate price reduction, without setting one recipient's excess benefit off against another's shortfall. Post-occupancy-certificate sales and unsold units fall outside taxable-supply quantification. Amounts not passed on attract compensatory interest at 18% per annum from collection until refund. A 10% penalty applies under section 171(3A), subject to waiver where the entire profiteered amount is passed on within the prescribed period. Case-Laws GST Wed, 02 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=798691