Anti profiteering obligation requires passing tax reductions and input tax credit benefits to recipients through commensurate price cuts. Anti profiteering requires any reduction in tax rate or the benefit of input tax credit to be passed to recipients by way of a commensurate reduction in ... Summary
Anti profiteering obligation requires passing tax reductions and input tax credit benefits to recipients through commensurate price cuts.
Anti profiteering requires any reduction in tax rate or the benefit of input tax credit to be passed to recipients by way of a commensurate reduction in price, and empowers the Central Government to constitute or designate an Authority to examine whether registered persons have implemented such price reductions; that Authority shall exercise prescribed powers and functions to investigate and enforce compliance.
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