No Profiteering on project ‘Anandam Square’ by Friends Land Developers: CCI

Director General of Anti-Profiteering Vs Friends Land Developers (Project: Anandam Square) (Competition Commission of India) In respect of the commercial project ‘Anandam Square’ the Commission has observed that in the said project ITC as percentage of turnover that was available to the Respondent during the pre-GST period (April, 2016 to June, 2017) was 4.17% and during the post-GST period (July, 2017 to November, 2019), it was 3.89%. It clearly confirms that the Respondent has not profiteered through additional Input Tax Credit in respect of project “Anandam Square” p...