TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Tax cuts or input tax credit must be passed to recipients via proportionate price reduction; Authority may examine and penalize</h1> Any reduction in tax rates or the benefit of input tax credit must be passed to recipients through a proportionate price reduction. The government may, by notification, establish or empower an Authority to examine whether registered persons have passed on such benefits; it may specify a date after which requests for examination will not be accepted. The Authority (which includes the Appellate Tribunal) will exercise prescribed powers and functions. If the Authority finds profiteering, the registered person is liable to pay a penalty equal to 10% of the profiteered amount, waived if deposited within thirty days of the order.
TaxTMI 
TaxTMI 
