Varun Goel Vs Eldeco Infrastructure & Properties Ltd
Date: May 24, 2019
Subject Matter
Eldeco Infrastructure & Properties Ltd guilty of profiteering by not passing on the increased available ITC post GST
Summary
From the perusal of the facts of the DGAP’s Report it is revealed that the ratio of ITC to the taxable turnover during the pre GST period was to the extent of 0.61% as compared to post GST period of 3.45% thus, there was net benefit of 2.84% of…
1. The brief facts of the case are that under Rule 128 of the Central Goods and Services Tax (CGST) Rules, 2017, an application was filed by the Applicant No. 1 against the Respondent before the Delhi State Screening Committee on Anti-profiteering. The above Applicant had alleged that the Respondent had illegally charged Rs. 10,61,460/- as GST on 90% of the basic sale price and Rs. 44,227/- as Ser…