GSTAT Orders Oxford Realty to Refund ₹40.99 Lakh GST ITC Benefit to Godrej Infinity Homebuyers

AdvertisementDG Anti Profiteering Vs Oxford Realty LLP (GSTAT) The proceedings arose from applications filed under Rule 128 of the Central Goods and Services Tax Rules, 2017 alleging that Oxford Realty LLP had failed to pass on the benefit of additional Input Tax Credit (ITC) to purchasers of residential units in its “Godrej Infinity” project after the introduction of GST from 01.07.2017, in violation of Section 171 of the CGST Act, 2017. The Standing Committee on Anti-Profiteering referred the matter to the Director General of Anti-Profiteering (DGAP) for investigation. The DGAP initially inve...