Builder Liable for ₹98.72 Lakh Profiteering Because GST ITC Benefit Not Passed to Buyers

DG Anti Profiteering Vs Panchsheel Buildtech Pvt. Ltd. (GSTAT) The proceedings arose from an investigation report dated 31.07.2025 submitted by the Director General of Anti-Profiteering (DGAP) under Section 171 of the CGST Act, 2017 read with Rule 129 of the CGST Rules. The investigation was initiated based on complaints filed by multiple homebuyers alleging profiteering by Panchsheel Buildtech Pvt. Ltd. in respect of construction services for the projects “Panchsheel Greens,” “Pebbles,” and “Hynish Tower-10.” The matter was referred by the Standing Committee on Anti-Profiteering a...