IBC Prevails in GST Anti-Profiteering Dispute: GSTAT

DGAP Vs Puma Realtors Pvt Ltd (GSTAT)

In the case of DGAP vs. Puma Realtors Pvt Ltd, the Goods and Services Tax Appellate Tribunal (GSTAT) closed an anti-profiteering investigation, ruling that an approved resolution plan under the Insolvency and Bankruptcy Code (IBC) extinguishes all claims not included in the plan. The matter came before the Tribunal after the Directorate General of Anti-Profiteering (DGAP) reported that its investigation into M/s Puma Realtors Pvt. Ltd. was stalled. The company had been declared insolvent, and M/s One Group Developers Pvt. Ltd. had taken over it

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