With No additional ITC GSTAT say no profiteering

The anti-profiteering complaint against Amal Realtors concerned its Madhu Vasant CHS project. 

The DGAP found that the ITC-to-purchase ratio declined from 8.26% pre-GST to 7.87% post-GST, indicating that no additional ITC benefit had accrued. 

GSTAT accepted the investigation, also finding that the ₹4.51 lakh VAT credit passed on to eligible purchasers did not relate to the complainant's transaction. The proceedings were consequently closed.