NAA: No synchronisation required with turnover while passing ITC benefit, confirms profiteering against 'Shapoorji Palonji'

NAA upholds profiteering allegation against Shapoorji Palonji’s project “ParkWest Emrald” at B’lore, holds that Respondent has benefitted from additional ITC to tune of 1.99% of total turnover in respect of this project during July 2017 to April 2019; Observes that w.r.t. ParkWest Maple, Respondent has availed benefit of 3.62% during July 2017 to April 2019, entire amount of additional ITC which has become available to the Respondent in the post GST period h...