Jotbir Singh Bhalla Vs Suncity Projects Pvt. Ltd
Date: December 10, 2020
Subject Matter
Suncity Projects guilty of profiteering for not passing on the ITC benefit to its buyers
Summary
The Respondent was required to pass on the ITC benefit of Rs. 2,71,11,917/- (including GST), in respect of the period July 2017 to June 2019, in terms of provisions of Section 171 of the CGST Act, 2017, he has only passed on Rs. 2,67,88,794/- (includ…
The present Report dated 23.03.2020 has been furnished by the Director General of Anti Profiteering (here-in-after referred to as the DGAP) under Rule 126 of Central Goods and Services Tax Rules (CGST) 2017 . The brief facts of the case are that the DGAP had received a reference from the Standing Committee on Anti-Profiteering on 28.06.2019 to conduct a detailed investigation in respect of a compl…