GST: NAA finds Alton Buildtech guilty for not passing ITC benefit to Flat Buyers, No Penalty imposed [Read Order]

The National Anti-Profiteering Authority (NAA) found M/s Alton Buildtech India Private Limited guilty of profiteering but did not impose the penalty for denying the benefit of Input Tax Credit (ITC) to Flat Buyers as no penalty provisions existed when the ITC was denied. The Applicants, Shashank Thakar, Neeraj Yadav, and Chiranjeev Singh alleged profiteering against […]

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