NAA: Only “additional ITC benefit” post GST & not “cost-incurred”, relevant to compute “profiteering”

NAA upholds claim of profiteering against Builder/Developer for not passing benefit of additional ITC of 2.23% of taxable turnover post GST implementation to the house buyers (recipients) on account of non-reduction of pre-GST base-price of flats; Respondent is legally bound to pass on additional ITC benefit which has been availed post GST, “which can be computed only after comparting the ITC and the sales realisation for both the pre-GST and post-GST periods” and �...