The Respondent has denied benefit of ITC to the buyers of the flats being constructed by him in contravention of the provisions of Section 171 (1) of the CGST Act, 2017 and has committed an offence under Section 171 (3A) Of the above Act and therefore, he is liable for imposition of penalty.
Anti-Profiteering — Respondent has profiteered by an amount of Rs.2,69,77,661/- during the period of investigation. Therefore, in view of the above facts, this Authority under Rule 133 (3) (a) of the CGST Rules, 2017, orders that the Respondent shall reduce/refund the price to be realized from the buyers of the flats commensurate with the benefit of ITC received by him. As the present investigation has been conducted only up to 31.12.2018, therefore, we order that any additional benefit of ITC, which may accrue to the Respondent subsequently, shall also be passed on by him to all the eligible buyers. In case this additional benefit is not passed on to the Applicants No. 1 to 71 or to other eligible buyers, they shall be at liberty to approach the Haryana State Level Screening Committee for initiating fresh proceedings under the provisions of Section 171 of the above Act against the Respondent. The concerned jurisdictional CGST or SGST Commissioner shall take necessary action to ensure that the benefit of additional ITC was passed on to the eligible house buyers in future. — Pawan Kumar And 71 Others Vs. S3 Buildwell LLP [2019] 19 TAXLOK.COM 016 (NAPA)
The Respondent has denied benefit of ITC to the buyers of the flats being constructed by him in contravention of the provisions of Section 171 (1) of the CGST Act, 2017 and has committed an offence under Section 171 (3A) Of the above Act and therefore, he is liable for imposition of penalty.
Anti-Profiteering — Respondent has profiteered by an amount of Rs.2,69,77,661/- during the period of investigation. Therefore, in view of the above facts, this Authority under Rule 133 (3) (a) of the CGST Rules, 2017, orders that the Respondent shall reduce/refund the price to be realized from the buyers of the flats commensurate with the benefit of ITC received by him. As the present investigation has been conducted only up to 31.12.2018, therefore, we order that any additional benefit of ITC, which may accrue to the Respondent subsequently, shall also be passed on by him to all the eligible buyers. In case this additional benefit is not passed on to the Applicants No. 1 to 71 or to other eligible buyers, they shall be at liberty to approach the Haryana State Level Screening Committee for initiating fresh proceedings under the provisions of Section 171 of the above Act against the Respondent. The concerned jurisdictional CGST or SGST Commissioner shall take necessary action to ensure that the benefit of additional ITC was passed on to the eligible house buyers in future. — Pawan Kumar And 71 Others Vs. S3 Buildwell LLP [2019] 19 TAXLOK.COM 016 (NAPA)
- Aug 15, 2025
Prime Minister Shri Narendra Modi, on the occasion of 79th Independence Day, highlights how Goods and Services Tax (GST) is a significant reform which has benefited the nation - Aug 15, 2025
Due Date - IT - Aug 14, 2025
Due Date - IT - Aug 13, 2025
Due Date - GST - Aug 11, 2025
Due Date - GST - Aug 10, 2025
Due Date - GST - Aug 07, 2025
Due Date - IT - Aug 05, 2025
Enhancement of Interoperable Services between E-Way Bill 1 and E-Way Bill 2 Portals - Jul 31, 2025
Due Date - IT - Jul 30, 2025
Due Date - IT - Jul 24, 2025
Due Date - GST - Jul 22, 2025
Due Date - GST - Jul 20, 2025
Advisory: Regarding GSTR-3A Notices issued for non-filing of form GSTR 4 to cancelled Composition Taxpayers - Jul 20, 2025
Due Date - GST - Jul 19, 2025
Advisory on reporting values in Table 3.2 of GSTR-3B - Jul 18, 2025
Due Date - GST - Jul 17, 2025
Taxpayer Advisory on upcoming security enhancements - Jul 16, 2025
GST Portal is now enabled to file appeal against waiver order (SPL 07) - Jul 15, 2025
Due Date - IT - Jul 13, 2025
Due Date - GST - Jul 11, 2025
Due Date - GST - Jul 10, 2025
Due Date - GST - Jul 07, 2025
Due Date - IT - Jun 30, 2025
Due Date - GST - Jun 30, 2025
Due Date - IT
- Jul 31, 2025
Time Limit for Availment of ITC: Retrospective Amendments and Legal Challenges - Jul 31, 2025
Tax Implications of Gifts Received from Relatives and Friends - Jul 16, 2025
E-Invoicing Under GST: Applicability, Process and Common Errors - Jul 16, 2025
TDS on Sale of Property u/s 194-IA: Compliance Guide for Buyers - Jul 03, 2025
Precautions to Be Taken at the Time of Closure of Business - Jul 03, 2025
Provisions Related to Casual Taxable Person and Non Resident Person - Jul 03, 2025
What Disclosures and Precautions to Be Made While Filing Your ITR - Jul 02, 2025
Simplified Overview of Section 74A – New Framework for Tax Demand under GST from FY 2024-25 - Jun 17, 2025
Donation to Political Parties-Department View - Jun 17, 2025
New Income tax Return Form-Changes Made for this Assessment Year - Jun 04, 2025
TCS on Remittences Outside India With Recent Changes - Jun 04, 2025
TDS Provisions on Partners of The Firm-A New Provision - May 22, 2025
Condonation In Filing Appeal- Remedy In Case of Delay - May 22, 2025
Interest on Delayed Refund Under GST- Recent Court Rulings and Practical Implications - May 16, 2025
Blocking of Electronic Credit Ledger: Legal Challenges and Remedies Available to Tax Payers - May 16, 2025
Recent Changes In TDS Provisions- Latest Update - May 02, 2025
Role of Input Service Distributor After Change Inlaw - May 02, 2025
Presumptive Assessment Under Income Tax Act- An Analysis - Apr 24, 2025
Claiming ITC Under Wrong Head- Remedies Available - Apr 24, 2025
Major TDS Amendments Effective from 1st April 2025: A Comprehensive Overview - Apr 14, 2025
Block Credit Under GST With Important Case Laws - Apr 14, 2025
Different Income Tax Forms For Filing Income Tax Return - Apr 07, 2025
TAX PLANNING BY SALARIED ASSESSES - Apr 01, 2025
Penalty on Underreporting and misreporting of income - Mar 22, 2025
Disallowance of Outstanding Payment to MSME - Clear Before 31st March
FOR FREE CONDUCTED TOUR OF OUR ON-LINE LIBRARIES WITH OUR REPRESENTATIVE-- CLICK HERE