NAA: Directs passing on additional ITC benefit to Flat buyers, however, claim of cost increment outside purview

NAA upholds profiteering by Elegant properties (‘Respondent’) for denial of benefit of additional ITC to its customers and erroneous collection of GST amount on the cost of flat under the project ‘Elegant Berkeley’ from the Applicant; Concurs with DGAP’s report as regards the computation of ratio of ITC towards turnover and the percent of profiteering being 0.92, further noting that the Respondent without any dispute to the aforesaid statistics voluntarily refunded ...