Builder guilty of profiteering as not passed additional ITC benefit to buyers

Sh. Rohit Singh Vs Friends Land Developers (National Anti-Profiteering Authority) During the pre-GST period the Respondent has availed CENVAT credit on the Service Tax during the pre-GST period from April. 2016 to June. 2017 amounting to Rs 52,11,867/-, collected an amount of Rs. 12,31,99.617/- from his customers as turnover, has sold an area of 1,35,655 sq. ft. relevant to the above turnover during the above period, has availed relevant amount of ITC of Rs. 34.59,066/- and accordingly. the ratio of CENVAT to the ITC was 2.81% during the pre-GST period in respect of his ‘Gulmoher Green&#...