APV Realty case: GSTAT Orders Reinvestigation After Admitted Errors in Profit Figures

DGAP Vs APV Realty Ltd. (GSTAT)

The GST Appellate Tribunal heard the matter in physical mode. The respondent filed written submissions stating that, due to oversight, incorrect figures were earlier provided to the DGAP, which led to an erroneous computation of profiteering. Along with the submissions, annexures and the company’s balance sheet were furnished, with a request that correct figures be considered. On this basis, the respondent sought reinvestigation of the matter. The DGAP representative submitted that the case could be remanded under Rule 133(4) of the CGST Act, 2017.

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