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of <h1>Profiteering: Respondent ordered to pay Rs.67,02,147 to eligible homebuyers within three months with applicable interest.</h1> Profiteering complaint resolved by acceptance of the investigation report; the respondent furnished an undertaking to pay identified profiteered amount ... Profiteering - Respondent is ready to pay the amount as calculated the amount of profiteering against him - seeking a time of three months for making payment since payment is to be made to voluminous homebuyers - HELD THAT:- In view of the above undertaking the report of the DGAP is accepted. The Respondent is directed to pay the amount to the tune of Rs. 67,02,147/- within three months from today to eligible homebuyers - It is directed that the Respondent would be liable to pay the interest to the homebuyers as applicable under Rule 133 (3) of the CGST Rules 2017. Matter disposed off. Issues: Whether the DGAP report finding profiteering against the Respondent should be accepted and whether the Respondent is liable to pay the quantified profiteered amount of Rs. 67,02,147/- along with interest to the eligible homebuyers as per applicable law.Analysis: The DGAP report quantified the amount of profiteering at Rs. 67,02,147/-. The Respondent has undertaken to pay that quantified amount and sought three months' time to effect payment to numerous homebuyers. The representative of the DGAP raised no objection to the undertaking. The applicable statutory framework for payment of interest on amounts directed to be refunded is Rule 133(3) of the CGST Rules, 2017, which prescribes the interest liability in cases of profiteering refunds. The proceedings therefore address (a) acceptance of the DGAP's quantified determination of profiteering, (b) a timeline for payment to eligible recipients, and (c) application of interest as per the statutory provision.Conclusion: The DGAP report is accepted; the Respondent is directed to pay Rs. 67,02,147/- to eligible homebuyers within three months and to pay interest as applicable under Rule 133(3) of the CGST Rules, 2017; the Respondent must submit a compliance report to the jurisdictional Commissioner after completion of payments.
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