Real Estate Firm Violated Section 171 of CGST Act by Not Passing 11.90% ITC Benefit to Customers (July 2017-March 2019.

Profiteering - purchase of Flat - The Respondent has benefited from the additional ITC to the extent of 11.90% of the turnover during the period from July, 2017 to March, 2019 and hence the provisions of Section 171 of the CGST Act, 2017 have been contravened by the Respondent as he has not passed on the above benefit to his customers. .....

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