NAA: Upholds profiteering allegation against developer; Accepts DGAP's determination of profiteered amount

NAA upholds case of profiteering against a developer (Respondent) for not passing on the benefit of additional ITC to flat buyers in violation of Section 171 of the CGST Act, upholds DGAP's determination of profiteered amount of Rs. 5.30 crore approx. including GST; Notes DGAP's determination that the ratio of ITC to total turnover in the pre-GST period was 0.49% and during the post-GST period was 7.73% which establishes that the Respondent has benefitted from the additional ...