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Introducing the βIn Favour Ofβ filter in Case Laws.
Try it now in Case Laws β


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<h1>Businesses Must Pass GST Tax Cuts to Consumers Under Section 171; Anti-Profiteering Authority Enforces Compliance.</h1> Section 171 of the Assam 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 corresponding price reductions. The Central Government, based on recommendations from the Council, can establish or empower an existing Authority to assess whether registered persons have indeed reduced prices in line with tax benefits. This Authority is tasked with exercising powers and performing functions as prescribed to ensure compliance with this anti-profiteering measure.