GSTAT Orders Refund After Finding Profiteering Due to Unpassed ITC Benefit

DG Anti Profiteering Vs Unnathi Associates (GSTAT) The proceedings arose from an investigation report dated 07.01.2025 submitted by the Director General of Anti-Profiteering (DGAP) under Section 171 of the Central Goods and Services Tax (CGST) Act, 2017 read with Rule 129 of the CGST Rules. The investigation was initiated following a complaint alleging that the Respondent, engaged in construction services for the project “Raunak Heights” in Thane, had not passed on the benefit of additional input tax credit (ITC) to homebuyers through a commensurate reduction in prices. Initially, the DGAP...