Kapil Dev Sharma Vs Vikas Parks Pvt Ltd
Date: May 27, 2020
Subject Matter
No profiteering if the builder neither benefited from additional ITC nor was there any reduction in the tax rate
Summary
It is clear from the plain reading of Section 171(1) mentioned above that it deals with two situations one relating to the passing on the benefit of reduction in the rate of tax and the second pertaining to the passing on the benefit of the ITC. On t…
1. The present Report dated 06.12.2019 has been received from the Applicant No. 2 i.e. the Director General of Anti-Profiteering (DGAP) after a detailed investigation under Rule 129(6) of the Central Goods & Service Tax (CGST) Rules, 2017. The brief facts of the present case are that the Applicant No. 1 had filed an application dated 20.02.2019 (Annexure-1) stating that the Respondent had reso…