Profiteering - purchase of Flat - allegation is that the benefit ...

Allegations of unpassed ITC benefits in flat purchase dismissed as project started post-GST; no price adjustment needed.

May 17, 2022

Case Laws GST NAPA

Profiteering - purchase of Flat - allegation is that the benefit of input tax credit had not been passed on - project was not under execution before coming into force of the GST - Since there is no basis for comparison of ITC available before and after 01.07.2017, the Respondent is not required to recalibrate the price of the flat due to additional benefit of ITC. Hence, the allegations of the Applicants made in this behalf are incorrect and therefore, the same cannot be accepted - NAPA

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Profiteering - purchase of Flat - allegation is that the benefit ...

Allegations of unpassed ITC benefits in flat purchase dismissed as project started post-GST; no price adjustment needed.

May 17, 2022

Case Laws GST NAPA

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