GSTAT Directed Builder to Refund Net Profiteering With Interest to Home Buyers

DGAP Vs Pivotal Infrastructure Pvt. Ltd. (GSTAT) The GST Appellate Tribunal heard the matter in virtual mode after considering submissions from the DGAP and the respondent’s representative. The DGAP report dated 20.12.2024 concluded that the respondent contravened Section 171 of the CGST Act, 2017. The DGAP determined a profiteered amount of ₹3,04,42,755, with GST at 12% amounting to ₹36,53,130, aggregating to ₹3,40,95,886 for the project “Royal Heritage,” Sector 70, Faridabad. The report also acknowledged that the respondent had already passed on ₹91,45,350 to 1,104 home buyers....