NAA directs ‘Jay Ambe Developers’ to pass on ITC benefit to Homebuyers

Jigar R. Shah Vs Jay Ambe Developers (National Anti-Profiteering Authority)

It is clear from the plain reading of Section 171(1) that, it deals with two situations:- one relating to the passing on the benefit of reduction in the rate of tax and the second pertaining to the passing on the benefit of the ITC. On the issue of reduction in the tax rate, it is apparent from the DGAP’s Report that there has been no reduction in the rate of tax in the post GST period; hence the only issue to be examined is as to whether there

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