Karunakar Singh Vs Prasu Infrabuild Pvt. Ltd
Date: September 13, 2022
Court: National Anti-Profiteering Authority
Type: Anti-Profiteering
Judge(s)/Member(s): Amand Shah, Hitesh Shah, P K Singh
Subject Matter
Prasu Infrabuild Pvt. Ltd profiteered by denying the benefit of additional ITC to its buyers
Summary
The ITC as a percentage of the turnover that was available to the Respondent during the pre-GST period (April, 2016 to June, 2017) was 0.76% and during the post-GST period (July-2017 to October-2020), it was 9.13% for the Project “SKA Green Arch”. This confirms that post-GST. the Respondent has benefited from additional ITC to the tune of 8.37% [9.13% (-) 0.76%] of his turnover for the said Project, and the same was required to be passed on to the customers/flat buyers/recipients.