Builder Liable for Profiteering Due to Failure to Pass ITC Benefit Under GST

DG Anti Profiteering Vs Bengal Shapoorji Housing Development Pvt. Ltd. (GSTAT) The present proceedings arise from a complaint filed under Rule 128 of the Central Goods and Services Tax Rules, 2017 alleging profiteering in a real estate project, on the ground that the benefit of Input Tax Credit (ITC) was not passed on to the buyer after the introduction of GST from 01.07.2017. The complaint was examined by the Standing Committee on Anti-Profiteering and referred to the Directorate General of Anti-Profiteering (DGAP) for investigation. The DGAP conducted an investigation for the period from 01....