No Anti-Profiteering Violation as ITC Ratio Fell Post-GST: GSTAT Accepts DGAP Report

DG Anti Profiteering Vs Prateek Infraprojects India Pvt. Ltd. (GSTAT) The Goods and Services Tax Appellate Tribunal considered proceedings arising from allegations of profiteering under Section 171 of the Central Goods and Services Tax Act, 2017, in relation to construction services provided for a real estate project. The matter originated from a reference by the Standing Committee on 24.01.2020 based on complaints alleging that the benefit of input tax credit (ITC) under GST had not been passed on to homebuyers. The Director General of Anti-Profiteering (DGAP) submitted an initial investigati...