Respondent Must Transfer Input Tax Credit Benefits from Government Grants to Flat Buyers, Ensuring Compliance with Profiteering Rules.
Case-Laws
GST
Profiteering – purchase of flats – The Respondent is not being asked to extend this benefit out of his own account and he is only liable to pass on the benefit of ITC to which he has become entitled by virtue of the grant of ITC on the Construction Service by the Government.
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