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Builder not liable for profiteering where it neither carried forward ITC of pre-GST regime nor availed of ITC in GST

July 3, 2019[2019] 107 taxmann.com 50 (NAA)
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GST : Where respondent had completed project 'Independent Floor Phase-II' prior to implementation of GST and it had neither availed ITC on any of inputs procured in GST Regime, nor had it availed/carried forward pre-GST credit pertaining to stock held in hand as on 30-6-2017, respondent was not liable to pass on benefit of ITC to applicant-flat purchasers and, therefore, there was no contravention of provisions of section 171

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