Profiteering - purchase of flats / shops - it is alleged that ...

Real Estate Developer Must Refund Profiteered GST with 18% Interest to Buyers u/r 133(3)(b) GCST Rules 2017.

June 25, 2022

Case Laws GST NAPA

Profiteering - purchase of flats / shops - it is alleged that the Respondent had not passed on the benefit of ITC to him by way of commensurate reduction in prices and charged full rate of GST on the amount due to him against payments - The amount that has been profiteered by the Respondent from his shop buyers/ recipients of supply in the above mentioned project shall be refunded by him, along with interest @18% thereon, from the date when the above amount was profiteered by him till the date of such payment, in line with the provisions of Rule 133 (3) (b) of the GCST Rules 2017 - NAPA

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Profiteering - purchase of flats / shops - it is alleged that ...

Real Estate Developer Must Refund Profiteered GST with 18% Interest to Buyers u/r 133(3)(b) GCST Rules 2017.

June 25, 2022

Case Laws GST NAPA

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