NAA : Rejects profiteering allegation against Affordable Housing developer where project commenced post GST

National Anti-Profiteering Authority (NAA) rejects profiteering allegation against an affordable housing project (AHP) developer finding no contravention of Section 171(1) of the CGST Act, 2017 noting that the project was not executed during pre-GST period; Observes that applicant deposited security amount and was given allotment after coming in to force of GST w.e.f. July 1, 2017 on the basis of draw of lots held on November 16, 2017, thus project started after coming i...