NAA order re-investigation against alleged Profiteering by Bollineni Developers

Sh. Vinod E Vs  Bollineni Developers Ltd. (NAA) Applicant alleged that the Respondent Bollineni Developers Ltd. had not passed on the benefit of Input Tax Credit to him by way of commensurate reduction in the price of the Flat No. J 703, 7th floor purchased from the Respondent in his project ‘Bollineni Silas’, situated at Sadarmangala, K R Puram, Bangalore-560048 on introduction of GST w.e.f. 01.07.2017, in terms of Section 171 of the CGST Act, 2017. National Anti-Profiteering Authority observes that: – (i) The Respondent has contended that the total turn-over during the p...