Friday, November 6, 2020

GST: NAA finds Nirala Projects guilty of Profiteering, but no penalty imposed [Read Order]

NAA- Nirala Projects - profiteering - penalty - TaxscanThe Profiteering watchdog, National Anti-Profiteering Authority (NAA) found Nirala Projects guilty of profiteering, but no penalty imposed. The Applicants alleged that the Respondent, Nirala Projects had not passed on the benefit of additional Input tax Credit (ITC) to the Applicant as well as other home buyers who had purchased them in his Project “Nirala Greenshire”. […]

from Taxscan | Simplifying Tax Laws https://ift.tt/2U5YC16

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