No Profiteering

The GST Appellate Tribunal has upheld the DGAP's closure report and held that no anti-profiteering liability arises where an entire real estate project is conceived, approved, constructed and sold under the GST regime. 

Since there was no incremental Input Tax Credit (ITC) benefit arising on account of GST, the developer was under no obligation to pass on any additional benefit to homebuyers under Section 171 of the CGST Act.