NAA: Directs Builder to pass balance profiteered amount as determined to flat buyers with interest

NAA holds Builder guilty of profiteering to the tune of Rs. 2.7 crores (approx.) for not passing additional ITC benefit post GST to the tune of 3.84% (5.17% - 1.33%) of turnover; Observes that Respondent was in agreement with DGAP and agreed to pass on the benefit to customers/flat buyers/recipients; Noting that part amount has already been released by Respondent, directs release of balance profiteered amount, also directs payment of interest on entire profiteered amount; Sin...