Penalty under Section 171(3A) cannot be imposed retrospectively says NAA

Last updated: 07 September 2020

Court :
NAA (National Anti-Profiteering Authority)

Brief :
The brief facts of the present case are that the Applicant No. 2 (herein-after referred to as the DGAP) vide his Report dated 03.04.2019, furnished to this Authority under Rule 129 (6) of the Central Goods & Services Tax (CGST) Rules, 2017, had submitted that he had conducted an investigation on the complaint of the Applicant No. 1 and found that the Respondent had not passed on the benefit of Input Tax Credit in respect of the flat purchased by him in the "One Park Avenue" project of the Respondent on introduction of the GST w.e.f. 01.07.2017, as per the provisions of Section 171 (1) of the CGST Act, 2017

Citation :
Petitioner / Applicant SH. RATISH NAIR Respondent M/S. MAN REALTY LTD