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Builder guilty of profiteering for not passing benefit of ITC to flat purchasers

November 30, 2019[2019] 111 taxmann.com 526 (NAA)
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GST: Where applicant who had purchased flat in respondent's project 'Palm Wood Royal Gulmohar Green' filed application before Anti-Profiteering Authority alleging that respondent had failed to pass benefit of ITC to flat purchasers, respondent had benefited from additional benefit of ITC to tune of 3.09 per cent of turnover, which it was required to pass on to its customers as per provisions of section 171 but had failed to do so and, therefore, respondent was guilty of contravening provisions of section 171

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