NAA : Upholds profiteering against builder for not passing ITC benefit in respect of affordable housing

National Anti-Profiteering Authority (NAA) upholds a case of profiteering u/s section 171 of CGST Act 2017 against a builder observing that he has denied the benefit of ITC to the buyers of the flats being constructed and thus realized more price from them compelling them to pay more GST by issuing incorrect tax invoices; Finds that Respondent has profiteered total amount of Rs. 14.86 crores (approx.) in respect of all 651 residential and 13 commercial units while accepting D...