Director General of Anti-Profiteering Vs MICL Realty LLP
Date: November 28, 2023
Subject Matter
MICL Realty LLP guilty of profiteering for not passing on the benefit of ITC
Summary
The case law involves a complaint regarding alleged non-passing of the benefit of Input Tax Credit (ITC) by a real estate developer to a homebuyer under the GST rules. The Director General of Anti-profiteering conducted a detailed investigation and f…
FULL TEXT OF THE ORDER OF COMPETITION COMMISSION OF INDIA 1. A reference was received from the Standing Committee on Anti- profiteering on 19.03.2021 by the Director General of Anti-profiteering (DGAP) to conduct a detailed investigation in respect of an Application filed under Rule 128 of the CGST Rules, 2017 (hereinafter referred to as “the Rules”) alleging profiteering b…