GSTAT Closed GST Anti-Profiteering Case After Full ITC Benefit Passed to 355 Homebuyers

DG Anti Profiteering Vs Realgem Buildtech Pvt. Ltd. & Ors. (GSTAT) The present matter arose from an application filed by Shri Mohit J. Vaswani, Mumbai, before the Standing Committee alleging profiteering in respect of Flat No. 2504, Tower-A, DB Crown, in the project “Rustomjee Crown Phase-I” developed by M/s Realgem Buildtech Pvt. Ltd. It was alleged that the Respondent had not passed on the benefit of Input Tax Credit (ITC) by way of commensurate reduction in price upon purchase of the flat. The Maharashtra State Screening Committee on anti-profiteering examined the application and fo...