By Staff Reporter
The good news for home buyers is that you can now report Anti Profiteering of GST. In Sukhbir Rohila Vs Pyramid Infratech Pvt Ltd (2018) 9 TMI 1107 (NAA); (2018) 97 taxmann. com 379 (NAA), the National Anti Profiteering Authority vide its order dated 18th Sept 2018 has confirmed Anti Profiteering charges on sale of flats and also imposed penalty.
In the instant case, 36 applications were filed alleging that the benefit of Input Tax Credit (ITC) had not been passed on to the Applicants in respect of the construction services supplied by the Respondent.
Often, the seller of Real Estate denies the credits under ITC to the deserving flat buyers on the pretext of not eligible or no accumulation of such credits whereas the resources and tax collected are then used as credits.
Flat buyers now can apply to the National Anti Profiteering Authority for the same with details of tax payments, purchase documents etc. The help line number of the Authority is 011-21400643 and their website is : https://www.naa.gov.in/