Anti profiteering requires businesses to pass tax rate reductions and input tax credit benefits through as commensurate price reductions. Anti profiteering requires that any tax rate reduction or benefit of input tax credit be passed on by registered persons as a commensurate reduction in prices; an authority may be constituted to examine whether such tax benefits have resulted in corresponding price reductions.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Anti profiteering requires businesses to pass tax rate reductions and input tax credit benefits through as commensurate price reductions.
Anti profiteering requires that any tax rate reduction or benefit of input tax credit be passed on by registered persons as a commensurate reduction in prices; an authority may be constituted to examine whether such tax benefits have resulted in corresponding price reductions.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.