Deepak Naik Vs Prestige Estates Projects Ltd
Date: August 4, 2022
Subject Matter
Excess of the ITC benefit provided to some of the homebuyers cannot be offset against others to whom less ITC benefit has been provided
Summary
1. The Respondent has gained the benefit of ITC on the supply of Construction Services after the implementation of GST w.e.f 01.07.2017 and the Respondent was required to pass on such benefit of ITC to the homebuyers/customers by way of commensurate…
1. The present Report dated 18.11.2021 has been received from the Director General of Anti-Profiteering (DGAP) after a detailed investigation as per the directions contained in this Authority’s Internal Order No. 01/2021 dated 16.03.2021 in relation to Project- “Prestige Lake Ridge”, Location- Bengaluru, Karnataka of M/s Prestige Estates Projects Ltd. 2. In the said Internal Orde…