JKG Construction guilty of profiteering in its project JKG Palm Court: NAA

Sh. Deepak Garg Vs JKG Construction Pvt. Ltd. (NAA) The present Report dated 31.08.2021 had been received from the Applicant No. 2 i.e. the Director General of Anti-profiteering (DGAP) after a detailed investigation under Rule 129(6) of the Central Goods & Services Tax (CGST) Rules, 2017 alleging profiteering by the Respondent in respect of the purchase of shops in the Respondent’s project ” JKG Palm Court ” by not passing on the benefit of Input Tax Credit (ITC) by way of commensurate reduction in prices after implementation of GST w.e.f. 01.07.2017. The Standing Committ...