The National Anti-Profiteering Authority (NAA) found M/s Nani Resorts & Floriculture 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. Approximately 7 Applicants alleged profiteering against the respondent, M/sM/s Nani Resorts […]
from Taxscan | Simplifying Tax Laws https://ift.tt/3hWXuHJ
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