HC stays Interest, Penalty & Investigation imposed by NAA in Phillips India case

Phillips India Limited Vs Union of India & Ors. (Delhi High Court) In present case, writ petition is filed for challenging the order passed by National Anti-Profiteering Authority (NAA) under the Central Goods and Services Tax Act, 2017. It has been held that the petitioner had contravened the provisions of Section 171 of CGST Act and thereby had profiteered on the sale of its “food processor” product. The Authority has directed the petitioner to reduce the price of its “food processor” and deposit the profiteered amount of Rs.4,53,949/- within a period of three months from the dat...