Nitesh Kumar Singhal Vs SSBC Real Estate Pvt. Ltd
Date: July 29, 2022
Subject Matter
SSBC Real Estate guilty of profiteering by not passing ITC benefit to home buyers
Summary
As the input Tax Credit (ITC) @ 6.39 % and 1.59% of the turnover was available to the Respondent during the post-GST period and the pre-GST period respectively as per the Table- C mentioned at para 9 supra, therefore, he had benefited from the additi…
The present Report dated 30.12.2020, has been furnished by the Applicant No. 03 i.e. the Director General of Anti-Profiteering (DGAP) after a detailed investigation under Rule 129 of the Central Goods and Service Tax (CGST) Rules, 2017. The brief facts of the case are that a reference was received from the Standing Committee on Anti-profiteering on 03.12.2019 to conduct a detailed investigation in…