GSTAT Remands Anti-Profiteering Case Due to Unverified ITC Reversal Claims

DG Anti Profiteering (Director General of Anti-Profiteering) v. Lucknow Development Authority (Kritika and Swati Project) [Section 133(4)] (GSTAT) The proceedings arose from a complaint alleging profiteering in violation of Section 171 of the Central Goods and Services Tax Act, 2017, on account of failure to pass on Input Tax Credit (ITC) benefits through commensurate price reduction in a residential housing project. The complaint was examined by the Standing Committee on Anti-profiteering and referred to the Director General of Anti-Profiteering (DGAP) for investigation. The investigation cov...