Benefits from lower GST rate must be passed on to home buyers: NAA

In a ruling that will have far reaching consequences for real estate developers, the National Anti-Profiteering Agency ( NAA ) has held that excuses like the challenges and uncertainties associated with the  GST regime cannot be used deny home buyers from benefits of a lower tax rate. Very simply, if a developer has benefitted from the introduction of GST in terms of lower rate of tax, the be…