Case Law Details
Director General of Anti-Profiteering Vs Ireo Waterfront Pvt. Ltd. (Competition Commission of India)
Competition Commission of India (CCI) has ordered the Director General of Anti-profiteering (DGAP) to conduct a reinvestigation into Ireo Waterfront Pvt. Ltd. for possible anti-profiteering activities. This decision comes after a detailed investigation under the CGST Rules, 2017, scrutinizing various projects under the brand “Ireo.”
Analysis: The DGAP previously conducted an investigation, which resulted in various findings concerning several Ireo projects. The investigation found that some projects, like the “Ireo Grand Arch” and “Ireo Uptown,” were exempted from the investigation due to their pre-GST certification. On the other hand, other projects, such as “Gurgaon Hills” and “Grand Hyatt Gurgaon Residences,” were fully scrutinized.
The DGAP’s recent report, focusing on the “Ireo Waterfront” project, reveals intricate details about the company’s operations, GST compliance, and potential anti-profiteering activities. The period under investigation is from 01.07.2017 to 31.12.2020, covering various aspects such as the Occupancy Certificates (OC) of the projects, the project’s operation mode, and potential violation of Section 171 of the CGST Act.
FULL TEXT OF THE ORDER OF COMPETITION COMMISSION OF INDIA
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