Perfect Buildwell guilty of not passing ITC benefit to Customers: NAA

Pawan Kumar Gupta Vs Perfect Buildwell Pvt. Ltd. (NAA) It is established from the perusal of the above facts that the Respondent has benefited from the additional ITC to the extent of 6.55% of the turnover during the period from 01 07.2017 to 31.03.2019 amounting Rs. 4.74,88,840/- It has been verified by the DGAP that the Respondent has already passed on benefit amounting to Rs. 1,88,56,387/- to 772 homebuyers. Hence, the Authority finds that. the profiteered amount required to be returned/passed on by the Respondent is Rs. 2.86.32474 inclusive of GST @ 12%/ 8% on the base price) as is evident...