No ITC Pass-Through Required as Project Commenced Entirely Post-GST: GSTAT

DGAP Vs Bengal Peerless Housing Development Company Ltd. (GSTAT) The proceedings arose from an application filed under Rule 128 of the Central Goods and Services Tax Rules, 2017 by two flat purchasers alleging violation of Section 171 of the CGST Act, 2017 in relation to the project “AVIDIPTA-II.” The applicants contended that the developer failed to pass on the benefit of Input Tax Credit (ITC) accrued after implementation of GST from 01.07.2017 by way of commensurate price reduction for their respective flats. The Standing Committee on Anti-Profiteering referred the matter to the Direct...