Delhi HC stays interest levy on profiteered amount under GST
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Delhi High Court on Wednesday stayed the applicability of interest levied on the profiteered amount relating to the Goods & Services Tax (GST).
The same petition had also challenged the composition of National Anti-profiteering Authority (NAA).
When a company is charged with profiteering, interest at the rate of 18 per cent can be levied on the profiteered amount. It was challenged in a matter involving a profiteering order passed by the NAA against a real estate player. #casansaar (Source - The Hindu Business Law)
The same petition had also challenged the composition of National Anti-profiteering Authority (NAA).
When a company is charged with profiteering, interest at the rate of 18 per cent can be levied on the profiteered amount. It was challenged in a matter involving a profiteering order passed by the NAA against a real estate player. #casansaar (Source - The Hindu Business Law)
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