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Allegation of GST Input Tax Credit Benefit Not Passed to Buyers in Vedantam Flat Purchase Case.

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Full Text of the Document

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....Profiteering - purchase of a flat in the Respondent’s project “Vedantam” - allegation that the Respondent had not passed on the benefit of Input Tax Credit which had accrued to him, by commensurate reduction in the price of the flat - The Concerned Commissioner GST shall ensure that the above benefit is passed on to the eligible buyers and report submitted to this Authority.....