MCA Exempts Certain Enterprises from Competition Act's Mergers & Acquisitions Assets and Turnover Requirements for 2 Years
In a business-friendly decision, the Ministry of Corporate Affairs ( MCA ) has updated the 'de-minimis' or small target exemption threshold and the...
GST Anti Profiteering; Non-payment of Interest on profiteered Amount: CCI directs to pay Interest to Home Buyers [Read Order]
National Anti-Profiteering Authority, the Competition Commission of India (CCI) in a case of GST anti-profiteering directed to pay Interest to home buyers on non-payment of interest on profiteered...
![GST Anti Profiteering; Non-payment of Interest on profiteered Amount: CCI directs to pay Interest to Home Buyers [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/GST-Anti-Profiteering-Non-payment-of-Interest-Amount-CCI-directs-Interest-to-Home-Buyers-TAXSCAN-.jpg "GST Anti Profiteering; Non-payment of Interest on profiteered Amount: CCI directs to pay Interest to Home Buyers [Read Order]")
Denial of GST Reduction Benefit in Contravention of Provisions of S. 171 (1) of CGST Act, Penalty cannot impose Retrospectively: CCI [Read Order]
The National Anti-Profiteering Authority and the Competition Commission of India (CCI) held that the penalty for anti-profiteering cannot be imposed retrospectively even though the denial of Goods...
![Denial of GST Reduction Benefit in Contravention of Provisions of S. 171 (1) of CGST Act, Penalty cannot impose Retrospectively: CCI [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Denial-of-GST-Reduction-Benefit-in-Contravention-of-Provisions-S.-171-1-of-CGST-Act-Penalty-impose-Retrospectively-CCI-TAXSCAN.jpg "Denial of GST Reduction Benefit in Contravention of Provisions of S. 171 (1) of CGST Act, Penalty cannot impose Retrospectively: CCI [Read Order]")
GST Authorities drop ₹7.08 Cr Service Tax Demand on CCI, says Commission not liable to register as GST Taxpayer
In a favorable development for the Competition Commission of India (CCI), GST authorities have withdrawn a service tax demand of ₹7.08 crore imposed. The ruling clarified that the CCI is not...
Delhi HC quashes writ petition by Ultra Tech against CCI order on Cartelisation by Manufacturers causing increase of Grey Cement Prices [Read Order]
The Delhi High Court quashed the writ petition filed by Ultra Tech against the order of the Competition Commission on cartelisation by manufacturers causing increase of grey cement prices. The...
Maintenance of Separate Bank Accounts for Projects by Bhartiya Urban Ltd: CCI quashes Profiteering charges [Read Order]
The Competition Commission of India (CCI) quashed profiteering charges on the ground of maintenance of separate bank accounts for projects by Bhartiya Urban Pvt Ltd. A Report was received from the...
"SKA Green Arch" Project Already Profiteered As Determined by NAA: CCI Drops Proceedings Initiated for GST Anti profiteering against Prasu Infrabuild [Read Order]
The Competition Commission of India (CCI) dropped the Goods and Service Tax (GST) Anti-profiteering proceedings initiated against Prasu Infrabuild on the ground of already ‘SKA Green Arch’ project...
![SKA Green Arch Project Already Profiteered As Determined by NAA: CCI Drops Proceedings Initiated for GST Anti profiteering against Prasu Infrabuild [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/SKA-Green-Arch-Project-Profiteered-As-Determined-by-NAA-CCI-NAA-GST-GST-Anti-profiteering-against-Prasu-Infrabuild-taxcan.jpg "SKA Green Arch Project Already Profiteered As Determined by NAA: CCI Drops Proceedings Initiated for GST Anti profiteering against Prasu Infrabuild [Read Order]")