NAA: Highlights discrepancies in DGAP’s report alleging profiteering, directs further investigation into real-estate developer's claims

NAA directs further investigation into profiteering allegations of assessee’s affordable housing project, namely, ‘Laxmi Apartments’ in terms of Rule 133 upto October 31, 2020 or till the date of issuance of Completion Certificate; DGAP submitted that Respondent has benefitted from additional ITC to the tune of 2.01% (3.70-1.69) of the turnover wherein the profiteering has been examined in two parts in post-GST period (i) from July 01, 2017 to January 24, 2018 when effe...