Order - Pyramid Infratech
Below are the highlights of the Pyramid Infratech order and attached is the order for your reference.
- Pyramid Infratech has profiteered Rs 8.22 Crores for 2,476 Flats
- Directs Pyramid Infratech to refund or reduce the amount
- Refund excess amount to home buyers with 18% interest
- Pyramid Infratech did not pass on the benefit of ITC to home buyers
- Pyramid compelled home buyers to pay more GST than that they were required
- Directs Haryana State Tax Commissioner to monitor refunds to home buyers
Kindly note that a case takes up to 9 months from complaint to order and we appreciate your patience with the same.
Thanks to each member for their participation in the Anti-Profiteering community and sharing complaints regularly! more
- Pyramid Infratech has profiteered Rs 8.22 Crores for 2,476 Flats
- Directs Pyramid Infratech to refund or reduce the amount
- Refund excess amount to home buyers with 18% interest
- Pyramid Infratech did not pass on the benefit of ITC to home buyers
- Pyramid compelled home buyers to pay more GST than that they were required
- Directs Haryana State Tax Commissioner to monitor refunds to home buyers
Kindly note that a case takes up to 9 months from complaint to order and we appreciate your patience with the same.
Thanks to each member for their participation in the Anti-Profiteering community and sharing complaints regularly! more
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View all 8 comments Below 8 comments
Good to see that at least 1 builder is caught by NAA. Good motivational factor for other. more
Sep 21
Thanks to Pyramid Home Buyer Association. You have proved that united we stand tall and strong. The fight was not easy with the strong real estate lobby, but truth always prevails and all it takes is the strong will. Special thanks to Mr. Jain for his relentless push. more
Sep 21
Such decisions will encourage more and more consumers to stand up against injustice. It will also make the builders think seriously before charging the consumers and if the money has already been taken by the builder he will have to rethink before rejecting the demands of the customer to return the excess payments. more
Sep 20
