Nilang Shastri Vs Swati Realty
Date: July 29, 2022
Subject Matter
Swati Realty guilty of profiteering for not passing on the benefit of additional ITC available to them post GST
Summary
The DGAP’s Report concludes that the ITC as a percentage of the turnover that was available to the Respondent for the project ‘Swati Florence’ during the pre-GST period (April-2016 to June-2017) was 2.31% and during the post-GST per…
The Present Report dated 27.11.2020 had been furnished by the Applicant No. 2 i.e. the Director Genera of Anti-Profiteering (DGAP), under Rule 129 (6) of the Central Goods & Services Tax (CGST) Rules, 2017 . The brief facts of the present case was that a reference was received from the Standing Committee on Anti-Profiteering on 17.07.2020 to the DGAP for conducting a detailed investigati…