Anti-profiteering obligation: suppliers must pass on tax-rate or input credit benefits through commensurate price reductions. Anti-profiteering requires suppliers to pass on benefits from tax-rate reductions or input tax credit to recipients by commensurate price reductions; a ... Summary
Anti-profiteering obligation: suppliers must pass on tax-rate or input credit benefits through commensurate price reductions.
Anti-profiteering requires suppliers to pass on benefits from tax-rate reductions or input tax credit to recipients by commensurate price reductions; a notified Authority may be constituted or empowered to examine compliance and exercise prescribed powers and functions to ensure the benefit is passed on.
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