Section 171 of the CGST Act, 2017— Anti- Profiteering – The Applicant DGAP after conducting investigations has reported that it appeared that Section 171 (1) of the Act, 2017, requiring that “any reduction in rate of tax on any supply of goods or services or the benefit of ITC shall be passed on to the recipient by way of commensurate reduction in prices”, had been contravened in the present case. The authority observed that the Respondent has profiteered by an amount of Rs. 85,77,419/- during the period of investigation i.e. 01.07.2017 to 30.06.2020 from his home buyers and shall be refunded by him along with interest @18% thereon.

Held that:- The Hon’ble Anti-Profiteering Authority ordered that the profiteering amount shall be passed on along with the interest @ 18% to be passed on to the home/shop buyer, within a period of 3 months. The concerned jurisdictional CGST/SGST Commissioner is also directed to ensure compliance of this Order. An advertisement of appropriate size to be visible to public at large may also be published in minimum of two localNewspapers/vernacular press in Hindi/English/local language, so that the concerned home/shop buyers can claim the benefit of ITC if not passed on.