NAA directs ‘Savaliya Procon’ to refund profiteered amount to home buyers with interest

By Editor2 Goods and Services Tax Judiciary May 12, 2022

Case Name: Sh. Jayesh V Rathod Vs Savaliya Procon (NAA)
Appeal Number: Only available for paid members
Date of Judgement/Order: Only available for paid members
Courts: National Anti-Profiteering Authority

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Advertisement Sh. Jayesh V Rathod Vs Savaliya Procon (NAA) Respondent has profiteered by an amount of Rs. 85,77,419/- during the period of investigation i.e. 01.07.2017 to 30.06.2020. The Authority determined amount of Rs. 85,77,419/- (including 12% GST) under section 133(1) that has been profiteered by the Respondent from his home buyers (as per the list mentioned below), including Applicant No. 1, and shall be refunded by him along with interest @18% thereon, from the date when the above amount was profiteered by him till the date of such payment, in accordance with the provisions of Rule...

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