HC: Lodha Developer files writ against NAA order, challenges constitutional validity of anti-profiteering provisions

Jan 07,2020

Bombay HC issues notice in a writ petition challenging NAA order whereby the authority held 'Lodha Developer' guilty of profiteering on the ground of failure to pass on benefit on additional ITC; Petitioner challenges NAA’s finding that credit notes issued in the nature of discounts and CGST & SGST credit cannot be adjusted against the benefit of ITC required to be passed on u/s 171 of the CGST Act; Counsel for the Petitioner further claims that, NAA’s view that there...

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