NAA: Profiteering, being function of "each" supply of goods/services, computable at 'invoice-level'

NAA upholds claim of profiteering against the builder for his project comprising of flats and shops noting that Respondent has benefitted from additional ITC to the extent of 2.61% of the turnover; States that, Section 171 “clearly links profiteering to be function of each supply of goods or services or both and hence, profiteering needs to be computed at the level of each tax invoice”; Remarks that, “From a plain reading of Section 171…, it is amply clear that the to...