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GST - Highlights / Catch Notes

Home Highlights December 2020 Year 2020 This

Profiteering - Construction of flats / property - The DGAP has ...


Construction Firm Not Guilty of Profiteering: No Extra ITC or Tax Rate Reduction Post-GST, Says DGAP. Section 171 CGST.

December 26, 2020

Case Laws     GST     NAPA

Profiteering - Construction of flats / property - The DGAP has reported that the Respondent had neither benefited from additional ITC nor had there been a reduction in the tax rate in the post-GST period and therefore it did not qualify to be a case of profiteering - the instant case does not fall under the ambit of Anti-Profiteering provisions of Section 171 of the CGST Act, 2017. - NAPA

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