NAA: Upholds profiteering claim against 'Lodha Developers', requires DGAP to look into team's administration

NAA upholds claim of profiteering against 'Lodha Developers' for not passing benefit of additional ITC of 2.62% of taxable turnover post GST implementation to the house buyers (recipients) on account of non-reduction of pre-GST base price of flats; Observes that ratio of CENVAT/ITC to the taxable turnover during pre-GST and post-GST period was 1.51% and 4.13% respectively and ratio of additional ITC calculated by DGAP based on information supplied by Respondent has not b...