Dreamhome Infrastructures guilty of profiteering: NAA

Hemant Kumar Gupta Vs Dreamhome Infrastructures Pvt. Ltd. (NAA) Authority finds that the benefit of additional Input Tax Credit of 4.81% of the turnover has accrued to the Respondent for the project ‘Heritage Max’. This benefit was required to be passed on to the recipients, however, the same was not done by the Respondent. Thus, Section 171 of the CGST, 2017 has been contravened by the Respondent, in as much as the additional benefit of ITC ©4.81% of the base price received by the Respondent during the period 01.07.2017 to 30.06.2019, has not been passed on by the Respondent to 3...