Construction firm ordered to lower flat prices, refund excess with 18% interest due to ITC benefits not passed on.

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Full Text of the Document

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....Anti-profiteering - Failure to pass on the benefit of Input tax credit - Construction service - assessee directed to reduce the price to be realized from the buyers of the flats in commensurate with the benefit of ITC received by him - Amount directed to be returned to the buyers with interest @18%....