NAA: Realtor to pass uniform ITC-benefit to all homebuyers, rejects plea to allow 'adjustment'

NAA finds builder of ‘Suncity Avenue’ (Respondent) guilty of profiteering u/s 171(1) of CGST Act; Observes that for post-GST period ranging from July 01, 2017 to June 30, 2019 (Investigation period), DGAP has found that benefit derived on account of additional ITC amounting was not passed by the Respondent to his homebuyers “commensurately as required under Section 171”; Rules that ITC benefit availed by Respondent was not passed on equally among all 736 homebuyers, s...