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Builder denies ITC benefit to FLAT buyers, Guilty of Profiteering: NAA

Case Law Details

Case Name
Jai Prakash Garg Vs Adarsh thought Works Pvt. Ltd. (NAA)
Date of Judgement/Order
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Jai Prakash Garg Vs Adarsh thought Works Pvt. Ltd. (NAA) Based on the above facts The amount of benefit of ITC which was required to be passed on by the Respondent or the profiteered amount is determined as Rs. 1,70,28,230/- including the GST @12% on the basic profiteered amount of Rs. 1,52.03,777/- as has been mentioned in Annexure-25 of the Report dated 10.12.2019, in terms of Rule 133 (1) of the above Rules. This amount includes an amount of Rs. 488/- including GST @12% on the base amount of Rs. 435/- which has been profiteered by the Respondent From the Applicant No. 1. The Respondent has ...
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