Director General of Anti-Profiteering Vs Friends Land Developers
Date: August 20, 2023
Subject Matter
No profiteering against Friends Land Developers i.r.o project “Anandam Square”
Summary
In respect of the commercial project “Anandam Square” the Commission has observed that in the said project ITC as percentage of turnover that was available to the Respondent during the pre-GST period (April, 2016 to June, 2017) was 4.17%…
FULL TEXT OF THE ORDER OF COMPETITION COMMISSION OF INDIA 1. The National Anti-Profiteering Authority (NAA) vide Interim Order No. 15/2022 dated 31.08.2022 in this matter had passed the following order:- i. The Respondent vide his submissions has contended that the DGAP has not incorporated the ITC of VAT in the pre-GST period for the computation of profiteering which ought to have been done…