GSTAT Remanded Profiteering Allegation for Verification of ITC Benefit Passed On

DG Anti Profiteering Vs Angelo’s VNCT Ventures LLP (GSTAT)

A complaint was filed alleging profiteering in relation to construction services supplied in the project “VNCT Lotus Villas,” claiming that the developer failed to pass on the benefit of Input Tax Credit (ITC) to a villa purchaser after the introduction of GST with effect from 1 July 2017, in violation of Section 171 of the Central Goods and Services Tax Act, 2017. The Standing Committee examined the complaint and referred it to the Director General of Anti-Profiteering (DGAP) for investigation. The DGAP initiated

Please become a Premium member. If you are already a Premium member, login here to access the full content.