GSTAT disposes profiteering case after voluntary payment offer to homebuyers

DGAP Vs Kolte Patil Developers Ltd. (GSTAT) The matter before the Goods and Services Tax Appellate Tribunal was taken up in physical mode. Representatives appeared for both the Director General of Anti-Profiteering and the respondent. During the hearing, counsel for the respondent submitted that, to resolve the dispute and for peace of mind, the respondent was willing to pay an amount of ₹67,02,147 calculated as the profiteering amount. A period of three months was requested for making the payment, citing the need to distribute the amount to numerous homebuyers. The DGAP’s representative r...