NAA: Holds developer guilty of profiteering on sale of residential & commercial shops under affordable housing project

NAA upholds profiteering allegation in respect of both residential flats and the commercial shops; Notes that pre-GST the service of construction of affordable housing (Devaan project) provided by the Respondent, was exempt from Service Tax, however, the Respondent was eligible to avail credit of Service Tax paid on the input services (CENVAT credit of Central Excise Duty was not available) in respect of the commercial shops sold; Accepts DGAP’s submission that ratio o...