GST: NAA imposes penalty on Relationship Properties for denying ITC to the Flat Buyers [Read Order]

The National Anti-Profiteering Authority (NAA) imposed the penalty on M/s Relationship Properties Pvt. Ltd. for denying the benefit of Input Tax Credit (ITC) to flat buyers. The Applicants, Venugopal Gella and Sanjay Mehta alleged profiteering by the Respondent, M/s  Relationship Properties Pvt. Ltd. in respect of the purchase of a flat in the project “Parkwest […]

from Taxscan | Simplifying Tax Laws https://ift.tt/2EZWswi