New World Realty LLP guilty of profiteering in Tinsel Town Project, Pune

Shubham Saxena Vs New World Realty LLP (NAA) The Present Report dated 30.12.2020 had been received from the Applicant No. 4 i.e. the Director-General of Anti-Profiteering (1)GAP) alter a detailed investigation under Rule 129(6) of the Central Goods & Service Tax (CGST) Rules, 2017. alleging profiteering by Respondent in respect of purchase of flats in the Respondent’s project “Tinsel Town”. The Applicant No. 1. 2 and 3 vide their complaint had alleged that the Respondent had not passed on the benefit of ITC to him by way of commensurate reduction in prices after implement...