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GSTAT Remands Real Estate Profiteering Case Due to Concerns Over DGAP Methodology
Case Law Details
- Case Name
- DG Anti Profiteering Vs Laureate Buildwell Pvt. Ltd. (GSTAT)
- Appeal Number
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- Date of Judgement/Order
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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...
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