Abhishek Singh Vs Aparna Constructions and Estates Pvt. Ltd
Date: March 4, 2020
Subject Matter
Aparna Constructions failed to pass on the benefit of additional ITC available to them post GST to the buyers of their flats. Profiteering established.
Summary
The Respondent has benefited from the additional ITC to the extent of 4.04% of the turnover during the period from 01.07.2017 to 31.03.2019 and hence the provisions of Section 171 of the CGST Act, 2017 have been contravened by the Respondent as he ha…
1. The present Report dated 30.08.2019 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 Central Goods & Service Tax (CGST) Rules, 2017. The brief facts of the case are that vide his application dated 26.02.2018 filed before the Standing Committee on Anti-profiteering under Rule 128 (1) of the…