Realtor Told to Refund Rupees 8.2 crore of GST to 2,500 Homebuyers

 

The National Anti-Profiteering Authority under GST has asked Haryana-based realtor Pyramid Infratech to return Rupees 8.22 crore to nearly 2,500 buyers. The amount relates to the benefit of Input Tax Credit (ITC) which the builder had not passed on to the homebuyers. The order was passed on a complaint of profiteering filed by 109 homebuyers of two affordable housing projects.

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