NAA: Upholds profiteering against a real-estate developer for not passing additional ITC benefit post GST

NAA upholds a case of profiteering against a real-estate developer engaged in  supply of construction service under the Pradhan Mantri Awas Yojna (PMAY); Observes that post-GST, Respondent has benefitted from additional ITC to the tune of 11.97% of his turnover which has not been passed on to the flat buyers/recipients; States that benefit was required to be uniformly passed to all the buyers however, the same was passed on basis the amount collected by Respondent from e...