NAA directs DGAP to recalculate amount profiteered by SVP Builders

Dr. Rahul Bamal Vs SVP Builders India Pvt. Ltd. (NAA) The brief facts of the case was that an application was filed before the Standing Committee on Anti-profiteering under Rule 128 of the CGST Rules. 2017, by the Applicant no. 1, wherein it had been alleged that the Respondent had not passed on the benefit of ITC to the Applicant No. 1 by way of commensurate reduction in the price of the Unit No. 13-3-304 purchased from the Respondent in the Respondent’s project ‘Gulmohar Garden Phase-II’, situated at Raj Nagar Extension. Ghaziabad, on introduction of GST w.e.f. 01.07.2017, ...