NAA: Upholds profiteering against Builder/Developer, accepts DGAP's computation absent challenge by Respondent

NAA upholds profiteering u/s 171 of CGST Act for not passing benefit of additional ITC of 3.94% (4.08% - 0.14%) of his turnover accrued in post-GST period to flat buyers while directing refund of Rs. 5,83,593 (inclusive of GST) with interest @18% on the base profiteering amount; Validates DGAP's report while stating that DGAP has calculated the amount of ITC benefit to be passed on to all the flat buyers basis information supplied by Respondent which Respondent has not challe...