NAA held Builder Guilty of not passing ITC benefit to Customer

Sh. Pawan Kumar Vs Apex Meadows Pvt. Ltd (National Anti-Profiteering Authority) We have carefully considered the Report of the DGAP, submissions made by the Respondent & the Applicants and based on the record it was revealed that the Respondent is in the Real Estate business and the DGAP’s Report was with regard to one of his projects namely ‘The Celest’ located in Vishakhapatnam, Andhra Pradesh. On examining the various submissions we find that the following issues need to be addressed:- a. Whether there was any net additional benefit of ITC to the Respondent? b. Whether...