NAA finds Signature Builders guilty of not passing benefit of ITC

Shruti Garg Vs Signature Builders Pvt. Ltd. (National Anti-Profiteering Authority)

The Respondent has also contended that the DGAP has calculated the profiteered amount as Rs. 1,40,41,916/- whereas he has passed on an amount of Rs. 1,29,29,849/- to the 998 home and 91 commercial shop buyers as benefit of ITC. He has also submitted letters addressed to the above Applicants claiming that he is “giving benefit under ITC u/s 171 of the applicable GST laW’ along with ledger accounts of the buyers in

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