Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Businesses Must Pass Tax Cuts to Consumers Under Section 171 of GST Act 2017: Anti-Profiteering Measures Enforced.</h1> Section 171 of the Rajasthan Goods and Services Tax Act, 2017 mandates that any reduction in the tax rate or benefit from input tax credits must be passed on to consumers through a corresponding price reduction. The Central Government, upon the Council's recommendation, may establish or empower an existing Authority to verify if these tax benefits have led to appropriate price reductions by registered entities. This Authority is tasked with exercising prescribed powers and functions to ensure compliance with these anti-profiteering measures.