2026 (2) TMI 946

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.... of Input Tax Credit to him by way of commensurate reduction in the prices on purchase of his flat as detailed above. 3. The Maharashtra State Screening Committee on antiprofiteering examined the said application and forwarded it to the Standing Committee on anti-profiteering. 4. The application was examined by the Standing Committee on anti-profiteering and thereafter it was forwarded to the Director General of Anti-Profiteering (hereinafter referred to as the DGAP) to conduct a detailed investigation in the matter. 5. The DGAP submitted its report dated 20.07.2021, which was pending before the Competition Commission of India, the erstwhile Authority. 6. Vide order dated 29.01.2024, the matter was sent back to the DGAP for furt....

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.... Increase in Input Tax Credit availed post-GST (%) C 1.72% 3 Purchase Value of Goods and Services (Excluding Taxes and Duties) during Post-GST Period D 5,25,48,32,101 4 Total Savings on account of additional ITC Benefit E=D*C/100 9,03,83,112 5 Total Area (In Sq.ft.) of the project (As per CA certified details submitted by the Noticee vide Email dated 24.12.2024 F 9,06,276 6 Total Saving Per Sq.ft. G=E/F 99.73 7 Total Sold Area before OC (in sq.ft.) (As Per CA certified details submitted by the Noticee vide Email dated 24.12.2024) H 8,64,413 8 Base Profiteered Amount (in Rs.) I=G*H 8,62,07,909 9. Thus, the Respondent has profiteered an amount of Rs. 8,62,07,909/....