Anti-profiteering requirement: tax-rate reductions or input credit benefits must result in commensurate price reductions to buyers. Anti-profiteering rules require that any reduction in tax rate or the benefit of input tax credit be passed on to recipients by a commensurate reduction ... Summary
Anti-profiteering requirement: tax-rate reductions or input credit benefits must result in commensurate price reductions to buyers.
Anti-profiteering rules require that any reduction in tax rate or the benefit of input tax credit be passed on to recipients by a commensurate reduction in prices, and an Authority may be constituted or empowered to examine and exercise prescribed powers to determine compliance with this pass-on obligation.
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