Anti profiteering requires passing tax rate reductions and input tax credit benefits through as commensurate price reductions. Anti profiteering requires that any reduction in the rate of tax on a supply or the benefit of input tax credit be passed on to the recipient by way of a ... Summary
Anti profiteering requires passing tax rate reductions and input tax credit benefits through as commensurate price reductions.
Anti profiteering requires that any reduction in the rate of tax on a supply or the benefit of input tax credit be passed on to the recipient by way of a commensurate reduction in prices. The Central Government may, on Council recommendation, constitute or empower an Authority to examine whether registered persons have passed on such reductions, and that Authority shall exercise powers and discharge functions as prescribed.
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