NAA: Directs Realtor to pass 'incremental ITC benefit'; Advises investigation team to be 'careful'

NAA upholds profiteering to the tune of Rs. 19 crores (approx.) against a real estate developer (Respondent) for his project ‘16th Park View’ whereas directs reinvestigation w.r.t. the other specified projects; Perusing DGAP’s report pursuant to re-investigation undertaken subject to earlier remand directions of this authority, observes that during the pre-GST period, ITC as a percentage of total turnover was available to the Respondent at 1.55% whereas, in post GST per...