NAA: ITC benefit on actual, not presumed basis, required to be passed to flat-buyer

NAA upholds profiteering u/s 171 of CGST Act against Builder for not passing benefit of additional ITC of 3.09% (5.90% - 2.81%) of total turnover to flat buyers post GST period while directing investigation into another project being executed by Respondent as per provisions of Rule 133(5)(a) of CGST Rules; Noting that Respondent discharged output VAT liability on deemed taxable value by adding 10% in the purchase price of inputs while no VAT was charged from home buyers, find...