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Profiteering in construction services was found due to failure...
Profiteering in construction services for failure to pass input tax credit resulted in repayment exceeding the commensurate benefit and closure of proceedings.
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Profiteering in construction services was found due to failure to pass on input tax credit, quantified at Rs. 1,37,672, but the respondent subsequently discharged the statutory obligation under Section 171 of the CGST Act, 2017 by passing Rs. 1,40,732 to the applicant, an amount exceeding the commensurate benefit; the investigation report was accepted, the complaint proceedings concerning sale of a residential unit were closed, and no further remedial action or sanction was warranted as no ongoing contravention of Section 171 subsists.
Profiteering in construction services was found due to failure to pass on input tax credit, quantified at Rs. 1,37,672, but the respondent subsequently discharged the statutory obligation under Section 171 of the CGST Act, 2017 by passing Rs. 1,40,732 to the applicant, an amount exceeding the commensurate benefit; the investigation report was accepted, the complaint proceedings concerning sale of a residential unit were closed, and no further remedial action or sanction was warranted as no ongoing contravention of Section 171 subsists.
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