Profiteering and Input Tax Credit: balance refund and interest to remaining buyers required within 30 days.

Profiteering and Input Tax Credit: balance refund and interest to remaining buyers required within 30 days.Case-LawsGSTProfiteering analysis found a residual input-tax-credit benefit of Rs.5,80,280 due to 13 eligible home buyers in a residential project;

Profiteering and Input Tax Credit: balance refund and interest to remaining buyers required within 30 days.
Case-Laws
GST
Profiteering analysis found a residual input-tax-credit benefit of Rs.5,80,280 due to 13 eligible home buyers in a residential project; respondent already passed greater ITC benefit to 240 buyers. Tribunal directs the respondent to pay the balance Rs.5,80,280 to the 13 buyers with interest as per Rule 133(3)(b) within 30 days and to file a compliance report with the

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