Denial of Benefit of ITC to Buyers of Flats would amount to Profiteering: NAA [Read Order]
In a recent case, the National Anti-Profiteering Authority held that if the respondent has denied the benefit of ITC to the buyers, then provisions of Section 171 of the CGST Act, 2017 have been contravened
Key Decisions of 35th GST Council Meet: NAA’s Tenure Extended
The 35th GST Council Meeting was the First Meeting of the Council after the swearing in of the new Government. The Meeting took place in a cordial and professional manner. At the start of the Meeting,
NAA directs DGAP to re-investigate, as Profiteering Report wasn’t computed on the basis of each Supply undertaken by Supplier [Read Order]
The National Anti-Profiteering Authority (NAA) directed the Director-General of Anti- Profiteering (DGAP) to re-investigate, as the profiteering report was not computed on the basis of each supply undertaken by the supplier. In the case of
Patanjali Dealer penalized by NAA for Anti-profiteering Charges [Read Order]
The National Anti-profiteering Authority ( NAA ) has found a dealer of Patanjali guilty for not passing the benefit of GST rate reduction to the customers. While disposing of the complaint, the authority has asked
NAA imposes Penalty on Elegant Properties for denying benefit of ITC to Buyers of Flats [Read Order]
The National Anti-Profiteering Authority (NAA) imposed the penalty on M/s Elegant Properties for denying the benefit of Input Tax Credit (ITC) to buyers of flats. The Applicant, Kamal Nayan Singhania alleged profiteering by the Respondent,
Unchanged Base Price of Product despite Change in Tax Rate is not violative of Section 171 of CGST Act: NAA [Read Order]
The National Anti-Profiteering Authority (NAA) held that the unchanged base price of the product despite a change in the tax rate is not violative of Section 171 of Central Goods and Service Tax (CGST) Act,
Setback to L’Oréal: NAA upholds Profiteering Charges [Read Order]
The National Anti-profiteering Authority comprising Chairman Shri Amand Shah and Technical Members  Shri Pramod Kumar Singh and Shri Hitesh Shah has upheld the profiteering charges against M/s L’Oréal and determines the amount of profiteering as
National Anti-Profiteering Authority is not a Price Regulator: NAA Chief B. N Sharma
Mr B N Sharma, Chairman, National Anti-Profiteering Authority, assured companies that the National Anti-Profiteering Authority is not a price regulator and neither does it have legislative intent. He was addressing an interactive session with industry
Flat Buyers cannot wait Endlessly to get Input Tax Credit: NAA to Builders [Read Order]
While rejecting a plea by a real estate developers, the National Anti-profiteering Authority ( NAA ) has held that since flats are sold in installments without waiting for project completion, the buyers too cannot be
Claiming Credit of VAT Paid on the Inputs, But Not Discharged Any Output VAT Liability Amounts to Profiteering: NAA [Read Order]
In a recent case, the National Anti-Profiteering Authority held that the Respondent had claimed credit of VAT paid on the inputs, but he had not discharged any output VAT liability would amount to profiteering. It
NAA orders Probe against L’Oreal [Read Order]
The National Anti-Profiteering Authority ( NAA ) has ordered the probe against L’Oreal in India. In the case of Director General of Anti-profiteering(DGAP), CBIT vs. M/s L’Oreal India Pvt. Ltd., the National Anti-profiteering Authority (NAA)
No penalty for denying ITC benefit to Customers prior to January 1, 2020: NAA [Read Order]
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
NAA finds Pinky Sales guilty for not passing benefit of GST Reduction on Footwear to its customers [Read Order]
The National Anti-Profiteering Authority (NAA) has found M/s Pinky Sales guilty of profiteering by not reducing prices in respect of the supply of footwear despite reduction in the goods and services tax (GST) rate from
Delhi High Court to hear more than 50 petitions against absence of methodology to calculate Profiteering under GST
The Delhi High Court will hear more than 50 petitions challenging the constitutional validity of anti-profiteering regulations in absence of any methodology to calculate profiteering under the Goods and Services Tax (GST) law. The companies
GST: NAA didn’t impose Penalty for denying benefit of ITC for Nestle Munch & Cadbury Dairy Milk as no penalty provisions existed [Read Order]
The National Anti-Profiteering Authority (NAA) found M/s Harish Bakers and Confectioners Private Limited guilty of profiteering but did not impose the penalty for denying the benefit of Input Tax Credit (ITC) as no penalty provisions