Saturday, June 27, 2020

Radicon Infrastructure & Housing denies benefit of ITC to buyers of Flat under Project ‘Vedantam’: NAA imposes Penalty [Read Order]

The National Anti-Profiteering Authority (NAA) observed that the M/s Radicon Infrastructure & Housing Pvt. Ltd. denied the benefit of Input Tax Credit (ITC) to buyers of flat under Project ‘Vedantam’. So the penalty under Section 171(3A) read with Rule 133 (3)(d) of the CGST Act, 2017 is imposed. The Applicant, Amarjeet Singh Yadav alleged profiteering […]

from Taxscan | Simplifying Tax Laws https://ift.tt/31n5qwv

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