Tuesday, August 18, 2020

GST: NAA didn’t impose Penalty on Eldeco Infrastructure for denying benefit of ITC to Flat Buyers as no penalty provisions existed

The National Anti-Profiteering Authority (NAA) found M/s Eldeco Infrastructure & Properties 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 Applicant, Varun Goel, alleged profiteering against the respondent, M/s Eldeco […]

from Taxscan | Simplifying Tax Laws https://ift.tt/3gbcxMa

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