Eden Realty guilty of profiteering in its project Siddha Eden Lakeville: NAA

Rajesh Shaw Vs Eden Realty Ventures Pvt. Ltd. (NAA) The Applicant No.1 Rajesh Shaw alleged that the Respondent No. 1 Eden Realty Ventures Pvt. Ltd. had not passed on the benefit of ITC to him by way of commensurate reduction in prices and charged GST @12% on the amount due to him against payments made for project Siddha Eden Lakeville, situated at Lake View Park Road, Banhooghly, Kolkata, West Bengal-700108 on 17.09.2016. It is observed from the Report of the DGAP that the ITC, as a percentage of the turnover, that was available to the Respondent during the pre-GST period (April-2016 to June-...