Holds Builder Liable for Profiteering Due to Failure to Pass ITC Benefit Uniformly: GSTAT

DG Anti Profiteering Vs Assotech Ltd. (GSTAT) The Goods and Services Tax Appellate Tribunal (GSTAT) considered proceedings arising from a complaint filed under Rule 128 of the Central Goods and Services Tax Rules, 2017, alleging profiteering in respect of construction services provided in the “Assotech Windsor Court Society” project. The complainant alleged that the Respondent had failed to pass on the benefit of Input Tax Credit (ITC) after the introduction of GST from 01.07.2017, as required under Section 171 of the CGST Act, 2017. The Standing Committee on Anti-Profiteering referred t...