Prestige Estates guilty in not passing right amount of ITC to homebuyers: NAA imposes penalty u/s 171 (3A) [Read Order]

Prestige Estates - ITC - homebuyers - NAA - penalty - taxscan

The National Anti- Profiteering Authority (NAA), has found Prestige Estates guilty of not passing the right amount of ITC to home buyers and imposed a penalty under section 171 (3A) of the CGST Act, 2017. It was alleged that the Input Tax Credit availability on post-GST and the details of the amount collected from the…

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