The GSTAT has ordered Laureate Buildwell to disburse ₹14.95 lakh in ITC benefits to its customers following a DGAP investigation into anti-profiteering practices.
GSTAT Orders Laureate Buildwell to Pass ₹14.95 Lakh ITC Benefit
In a recent development, the Goods and Services Tax Appellate Tribunal (GSTAT) has ordered Laureate Buildwell to pass on ITC benefits amounting to ₹14.95 lakh to 25 recipients. The order comes after the acceptance of the Directorate General of Anti-Profiteering (DGAP)'s revised report, which found that the company failed to transfer this benefit to its customers.
The GSTAT quantified the profit that was not passed on and imposed an 18% interest on the amount along with penalties for non-compliance. This decision underscores the GSTAT's commitment to enforcing anti-profiteering provisions under Section 171 of the GST Act, which mandates that the benefits of any reduction in taxes be passed on to consumers.
The ruling serves as a critical reminder for businesses on the importance of compliance with anti-profiteering rules and the necessity of transparency in the pricing of goods and services.
Citations
- Laureate Buildwell (2026) GSTAT
