The National Anti-Profiteering Authority (NAA) found M/s Sun Infra Service 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, Piyush Awasthi, alleged profiteering against the respondent, M/s Sun Infra […]
from Taxscan | Simplifying Tax Laws https://ift.tt/3jLpLl5
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