The National Anti-Profiteering Authority (NAA) found M/s VTWO Ventures guilty of profiteering but did not impose the penalty for denying the benefit of Input Tax Credit (ITC) as no penalty provisions existed when the ITC was denied. The Applicant, Kerala State Screening Committee on Anti-Profiteering, alleged profiteering against the respondent, M/s VTWO Ventures that the […]
from Taxscan | Simplifying Tax Laws https://ift.tt/2EExulK
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