NAA Asks L&T Parel Project and Omkar Realtors To Refund Rs30.76 Crore GST Benefit to 850 Home-buyers

The National Anti-Profiteering Authority (NAA) has asked Larsen & Toubro (L&T) Parel Project LLP and Omkar Realtors Developers Pvt Ltd to refund Rs30.76 crore with interest to 850 investors in their Crescent Bay project. The home-buyers claimed that they did not receive the full benefit of input tax credit (ITC) on the goods and services tax (GST) payments made to developers, says a r…