No Profiteering by Elan Ltd. in project ‘Epic’: NAA

Director General of Anti-Profiteering Vs Elan Ltd. (NAA) DGAP has carefully examined the Report of the DGAP and it has been observed that as per the Table ‘A’ of the Report all the relevant events for the project ‘Epic‘ took place in GST regime and the Respondent had not availed any CENVAT/ITC, related to ‘EPIC’ project, in pre-GST regime and that the Respondent neither raised any demand nor received any advance for this project in Pre-GST regime. Therefore, there was no pre-GST tax rate or ITC structure which could be compared with the post-GST tax rate and...