GSTAT: Profiteering Allegation Rejected After Excess ITC Benefit Passed On

DGAP Vs Arkade Developers Pvt. Ltd. (GSTAT) The proceedings arose from an investigation initiated by the Director General of Anti-Profiteering (DGAP) under Section 171 of the Central Goods and Services Tax Act, 2017, following a complaint alleging non-passing of input tax credit (ITC) benefits in a residential real estate project. The Standing Committee on Anti-Profiteering found a prima facie case and referred the matter to DGAP, which initially concluded that the statutory provisions had been contravened. However, pursuant to directions issued after the Delhi High Court’s judgment dated 29...