GSTAT Principal Bench Holds No Anti-Profiteering Violation Where Entire Construction and Sale Occurred Post-GST Regime
The GST Appellate Tribunal Principal Bench has ruled that Section 171 of the CGST Act does not require passing on input tax credit benefits where both construction and sale of flats occurred entirely after the implementation of GST. The Tribunal accepted the DGAP’s findings, rejecting claims of profiteering and clarifying the inapplicability of concessional GST rates introduced after the relevant period.
