No GST Profiteering Found as ITC Benefit Declined Post-GST: GSTAT

DG Anti Profiteering Vs IJM Raintree Park Pvt. Ltd. & Ors. (GSTAT) The proceedings arose from a complaint alleging profiteering under Section 171 of the CGST Act, 2017, in relation to a real estate project. The complainant contended that the developer failed to pass on the benefit of Input Tax Credit (ITC) after the introduction of GST with effect from 01.07.2017, thereby violating anti-profiteering provisions. The complaint was examined and referred for investigation. Initially, the Director General of Anti-Profiteering (DGAP) submitted a report in 2020 concluding that the developer had ...