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Signature Builders Pvt. Ltd. is guilty of not passing benefit of ITC.

Anti-Profiteering — Respondent has denied benefit of ITC to the buyers of the flats and the shops being constructed by him in his Project ‘Orchard Avenue 93’ in contravention of the provisions of Section 171 (1) of the CGST Act, 2017 and has committed an offence under Section 171 (3A) of the above Act and therefore, he is liable for imposition of penalty under the provisions of the above Section. Accordingly, a Show Cause Notice be issued to him directing him to explain as to why the penalty prescribed under Section 171 (3A) of the above Act read with Rule 133 (3) (d) of the CGST Rules, 2017 should not be imposed on him. — Abhishek, Director General of Anti-Profiteering, Central Board of Indirect Taxes And Customs Vs. Signature Builders Pvt. Ltd. [2019] 19 TAXLOK.COM 025 (NAPA)