CCI Finds Benefit of ITC Passed, Drops Section 171 Proceedings

Pruthviraj Vijay Dhavale Vs Ashdan Developers Pvt. Ltd. (Competition Commission of India) In the case of Pruthviraj Vijay Dhavale vs. Ashdan Developers Pvt. Ltd., the Competition Commission of India (CCI) conducted an investigation into alleged profiteering by Ashdan Developers regarding the purchase of flats in their project “The Kul Nation.” The primary allegation was that Ashdan Developers had not passed on the benefit of Input Tax Credit (ITC) to the home buyers, as required under Section 171 of the CGST Act, 2017. Detailed Analysis: The investigation revealed several key point...