CCI directs DGAP to verify claim of Ireo Grace Realtech of passing ITC benefit 

Sandeep Bansal & Ors. vs. Ireo Grace Realtech Pvt. Ltd. (Competition Commission of India) One of the contention of the Respondent is that he has passed on benefit of ITC amounting to Rs. 1,94,67,655/- to his customers/home-buyers in compliance of Section 171 of the CGST Act, 2017 by way of reduction in price via issuance of the Credit Note and the same has been duly intimated to the customers vide e-mails. He has also submitted Chartered Accountant’s (CA) Certificate stating thereby that Credit Notes have been issued to the customers/home-buyers by the Respondent for passing the ben...