GSTAT Mandated Uniform Per-Square-Foot Benefit for All Flats in GST Profiteering Probe

DGAP Vs Transcon Sheth Creators Pvt. Ltd (GSTAT) The proceedings arose from an investigation initiated under Section 171 of the Central Goods and Services Tax Act, 2017, following complaints alleging that the benefit of input tax credit (ITC) was not passed on through commensurate reduction in prices in a residential real estate project. The Standing Committee on Anti-Profiteering found a prima facie case and referred the matter for investigation. An initial investigation report concluded that the anti-profiteering provisions had been contravened. Subsequently, in light of the judgment of the ...