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ASHOK KUMAR SINGH, DIRECTOR GENERAL OF ANTI-PROFITEERING AND OTHERS vs. LIFEWAYS INFRASTATE PVT. LTD.
(National Anti Profiteering Authority)

Hon'ble Judges:

AMAND SHAH
PRAMOD KUMAR SINGH
HITESH SHAH
Pet. Counsel
---
Res. Counsel
---

Petitioner / Applicant

ASHOK KUMAR SINGH, DIRECTOR GENERAL OF ANTI-PROFITEERING AND OTHERS
Respondent LIFEWAYS INFRASTATE PVT. LTD.
Court

NAA (National Anti Profiteering Authority)

Date Jun 24, 2022
Order No.

27/2022

Citation

2022(6) TAXREPLY 5971
Original Order
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ORDER

1. The National Anti-Profiteering Authority (NAA) vide Interim Order No. 34/2020 dated 11.12.2020 in this matter has given the following order:- i. “It is observed that the above provision of the RERA Act, 2016 makes it mandatory for a real estate developer/promoter to maintain separate bank accounts for each of his projects registered separately under the RERA Act, 2016. In the case of the Respondent, the above provision implies that he was required to maintain four separate escrow/bank accounts in respect of the four towers/blocks of the project “Celebrity Gardens; however the DGAP's Report had no mention of this aspect. It had a bearing on the instant proceedings since the DGAP's Report dated 23.03.2020 only covers one of the four blocks i.e. Block ‘K’. As the Respondent had obtained four separate RERA registrations for his four blocks/towers, he should had maintained separate escrow/bank accounts. In case the Respondent had not complied with t....

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28 May

☑ Monthly | GSTR-11

GSTR-11 for the m/o Apr 2025 (Statement of inward supplies by persons having Unique Identification Number (UIN)).