Anti-profiteering requirement ensures tax rate cuts and input tax credit benefits are passed to consumers through price reductions. Anti-profiteering requires any reduction in tax rate or benefit of input tax credit to be passed to recipients via commensurate price reductions. The ... Summary
Anti-profiteering requirement ensures tax rate cuts and input tax credit benefits are passed to consumers through price reductions.
Anti-profiteering requires any reduction in tax rate or benefit of input tax credit to be passed to recipients via commensurate price reductions. The Central Government may constitute or empower an Authority to examine whether registered persons have passed on these benefits, and that Authority shall exercise prescribed powers and discharge prescribed functions under the Tripura Goods and Services Tax Act, 2017.
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