Benefit of Additional ITC available after Introduction of GST on ‘False Ceiling material’ Not Passed to the Purchaser: NAA finds Supplier Guilty of Anti-Profiteering

By Taxscan Team - On May 20, 2022 8:55 pm - 2 mins read
ITC - Introduction of GST - false ceiling material - Purchaser - NAA - Supplier Guilty - Anti-Profiteering - Taxscan

The National Anti-Profiteering Authority (NAA), has found M/s Anutone Acoustics Ltd guilty of anti-profiteering since benefit of additional ITC available after introduction of GST on ‘false ceiling material’ not passed to the purchaser. An application was filed against the respondent M/s Anutone Acoustics Ltd alleging that the respondent had not passed on the benefit of…

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