GSTAT: No Anti-Profiteering Violation by IJM Raintree Park as Post-GST ITC Benefit Declined
The GSTAT Principal Bench has upheld the DGAP’s methodology for determining profiteering in real estate projects, finding it consistent with the Delhi High Court’s ruling in Reckitt Benckiser. The Tribunal concluded that no benefit accrued to the respondent under Section 171 of the CGST Act, and thus, no profiteering occurred. Objections by the complainant were rejected.
