Potnoor Naveen Vs Caroa Properties LLP
Date: December 24, 2019
Subject Matter
'Caroa Properties' guilty of profiteering for denying the benefit of ITC to the buyers of their flats
Summary
The Respondent has denied benefit of ITC to the buyers of the flats and the shops being constructed by him in his Project ‘Godrej City Panvel Phase-I’ in contravention of the provisions of Section 171 (1) of the CGST Act, 2017 and has app…
1. The present Report dated 25.06.2019 and the supplementary Report dated 07.10.2019 has been received from the Applicant No. 2 i.e. the Director General of Anti-Profiteering (DGAP) after detailed investigation under Rule 129 (6) of the C entral Goods & Service Tax (CGST) Rules, 2017 . The brief facts of the case are that the Applicant No. 1 had filed an application dated 12.10.2018 before the…