NAA : Project completion where flats sold on instalments, inconsequential, upholds profiteering against Developer

NAA upholds case of profiteering against Respondent-Developer for not passing additional benefit of ITC to flat buyers in his project, noting that ITC ratio to turnover during the pre-GST period was 5.13% as compared to 7.79% during the post-GST period; Rejecting Respondent’s plea that real-estate project was market-driven and pricing depended upon various parameters, states that flats are sold in instalments without waiting for project completion or completion certificate,...