GSTAT Rejects Profiteering Claim; Section 171 Inapplicable to Fully Post-GST Projects The proceedings arose from a complaint filed by homebuyers alleging that Sobha Limited failed to pass on Input Tax Credit (ITC) benefits in respect of a residential project “International City” at Gurugram, in violation of Section 171 of the CGST Act. The Standing Committee…
GSTAT Holds Builder Liable for Profiteering with 18% Interest The proceedings arose from an investigation conducted by the Director General of Anti-Profiteering (DGAP) against the respondent, a real estate developer, in relation to a housing project. The complaint alleged that the developer had failed to pass on the benefit of additional input tax credit (ITC)…
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