Vishwanath Builders guilty of profiteering in its project ‘Sarathya’

Mahendra Kishanlal Prajapati Vs Vishwanath Builders (NAA)

The Authority finds that the benefit of additional Input Tax Credit of 3.75% of the turnover has accrued to the Respondent for the project ‘Sarathya’. This benefit was required to be passed on to the recipients. Thus, Section 171 of the CGST, 2017 has been contravened by the Respondent. inasmuch as the additional benefit of ITC @3.75% of the base price received by the Respondent during the period 01.07.2017 to 30.06.2020, was required to he passed on by th

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