Benefit of Additional ITC Available after Introduction of GST on ‘Construction Service’ Not Passed to the Purchaser: NAA finds Service Provider Guilty of Profiteering [Read Order]

Additional ITC - GST - Construction Service - NAA - Anti-Profiteering - Taxscan

The National Anti-Profiteering Authority (NAA), has found M/s JMD Limited guilty of profiteering since the benefit of additional ITC available after the introduction of GST on construction service was not passed to the purchaser. The applicant purchased a flat in the respondent’s project ‘JMD Imperial Suits’. An application was filed against the respondent M/s JMD…

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