No Penalty as Full ITC Benefit Passed to Buyers, GSTAT Accepts DGAP Report

DG Anti Profiteering Vs Paarth Infrabuild Pvt. Ltd. (GSTAT) A complaint was filed alleging profiteering in respect of construction services supplied in a housing project in Lucknow. It was claimed that the developer had not passed on the benefit of Input Tax Credit (ITC) to the complainant by way of commensurate reduction in price, in violation of Section 171 of the CGST Act, 2017. The complaint was examined by the Standing Committee and referred to the Director General of Anti-Profiteering (DGAP) for detailed investigation. An initial report dated 11.10.2022 was submitted by the DGAP and exam...