NAA: Mahindra Lifespace Developers profiteered by pocketing additional ITC, upholds 'ITC to turnover' ratio computation for both periods

NAA after considering DGAP’s re-investigation upholds profiteering against the Infrastructure developer (Mahindra Lifespace Developers Ltd.) for denying ITC benefit to its flat buyers in its project ‘Avadi’ and profiteering an amount of Rs. 2.87 crores (approx.); Holds that Respondent contravened provisions of Section 171 of CGST Act, 2017, by not reducing the basic prices by 7.06% due to additional benefit of ITC; States that “there is correlation between the ITC and...