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GST - Highlights / Catch Notes

Home Highlights November 2020 Year 2020 This

Profiteering - purchase of Flats - allegation that the ...

Case Laws     GST

November 11, 2020

Profiteering - purchase of Flats - allegation that the Respondent had not passed on the benefit of Input Tax Credit (ITC) availed by him by way of commensurate reduction in the price of the fiats - The Respondent has passed on some benefit to his buyers on account of ITC which has been duly confirmed by the DGAP. Therefore, the Respondent is directed to pass on the balance benefit of ITC to the remaining 148 residential flat buyers and to the remaining 9 commercial shop buyers - NAPA

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