Claiming Credit of VAT Paid on the Inputs, But Not Discharged Any Output VAT Liability Amounts to Profiteering: NAA [Read Order]

In a recent case, the National Anti-Profiteering Authority held that the Respondent had claimed credit of VAT paid on the inputs, but he had not discharged any output VAT liability would amount to profiteering. It orders under Rule 133 (3) (a) of the CGST Rules, 2017 that the Respondent shall reduce the prices to be […]

The post Claiming Credit of VAT Paid on the Inputs, But Not Discharged Any Output VAT Liability Amounts to Profiteering: NAA [Read Order] appeared first on Taxscan | Simplifying Tax Laws.

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