GSTAT Remands Real Estate Profiteering Case Due to Concerns Over DGAP Methodology

DG Anti Profiteering Vs Laureate Buildwell Pvt. Ltd. (GSTAT) The GST Appellate Tribunal (GSTAT) considered a matter arising from an investigation conducted by the Directorate General of Anti-Profiteering (DGAP) against a real estate developer regarding alleged violation of Section 171 of the CGST Act. The DGAP concluded that the Respondent had profiteered an amount of ₹5.95 crore by not fully passing on Input Tax Credit (ITC) benefits to certain homebuyers. The DGAP’s report compared the ratio of credit availed to purchase value during the pre-GST and post-GST periods. According to the rep...