Homebuyers Cannot Claim ITC Benefit in Fully Post-GST Projects: GSTAT

DG Anti Profiteering Vs Sobha Limited (GSTAT) The matter arose from an anti-profiteering application filed by homebuyers alleging that the developer had failed to pass on the benefit of input tax credit (ITC) following the introduction of GST from 01.07.2017, as required under Section 171 of the CGST Act. The allegation pertained to construction services in a residential project in Gurugram. The Standing Committee on Anti-Profiteering, upon prima facie satisfaction, referred the matter to the Director General of Anti-Profiteering (DGAP) for investigation. The DGAP initiated proceedings and cal...