NAA found builder guilty of deliberate profiteering (Not passed ITC)

Sh. Varun Goel Vs M/s Eldeco Infrastructure & Properties Ltd. (NAA)

We have carefully considered the Report of the DGAP, the submissions of the Respondent and all the documents placed on record. From the perusal of the facts of the DGAP’s Report it is revealed that the ratio of ITC to the taxable turnover during the pre GST period was to the extent of 0.61% as compared to post GST period of 3.45% thus, there was net benefit of 2.84% of ITC to the Respondent. Based on this net benefit and the amounts collected from

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