CCI Closes Profiteering Case as ITC Benefits already Passed

Aruna Popat Vs Shalwak Infrabulls (Competition Commission of India) The Competition Commission of India (CCI) recently closed a profiteering investigation against Shalwak Infrabulls, a property developer. The case revolved around Input Tax Credit (ITC) benefits in the GST regime, focusing on whether these were passed on to the consumers or not. The investigation came to an end when it was found that the developer had already passed on the ITC benefits to the applicant, Aruna Popat. This article explores the intricate details of the case and what it means for property buyers and developers in I...