GSTAT Principal Bench Holds Passing of ITC Benefit Under Section 171 CGST Act Satisfied Where Excess Benefit Provided to Homebuyers
The GST Appellate Tribunal Principal Bench has ruled that a developer does not contravene Section 171 of the CGST Act, 2017, where the benefit of increased Input Tax Credit (ITC) post-GST is duly passed on to homebuyers, and in fact, excess benefit is provided. The Tribunal accepted the DGAP’s findings and disposed of the anti-profiteering proceedings.
