NAA: Directs re-investigation into profiteering by realtor in respect of landowners

NAA directs DGAP to re-investigate into profiteering by Respondent-realtor, pursuant to application alleging that the Respondent had not passed on the benefit of Input Tax Credit (ITC) availed, by way of commensurate reduction in the price of flats; Notes Respondent’s claim that till date no GST amount from landowners has been collected and neither any Deed of Agreement has been executed nor possession of flats has been given to the landowners, thus, ITC to the tune of...