NAA: No provision to factor costs to compute profiteering; Orders investigation into Builder's other project

NAA holds builder guilty of profiteering to the tune of Rs.2.45 Crores inclusive of GST @12% in terms of Section 171(1) of the CGST Act r/w Rule 133(1) of the CGST Rules, further orders investigation in Respondent’s other project named ‘Epic’; Applicant alleged that the Respondent failed to pass on the benefit of ITC in the latter’s project ‘Mercado’ in which a shop was purchased by the former, in spite of the fact that Respondent was availing ITC at higher rates ...