Anti profiteering requires tax rate reductions or input credit benefits to be passed to recipients through commensurate price reductions. Any reduction in tax rate or the benefit of input tax credit must be passed to the recipient by a commensurate reduction in price; a Central Government constituted or empowered Authority will examine whether registered persons have passed on such reductions and will exercise prescribed powers and functions to determine compliance.
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 tax rate reductions or input credit benefits to be passed to recipients through commensurate price reductions.
Any reduction in tax rate or the benefit of input tax credit must be passed to the recipient by a commensurate reduction in price; a Central Government constituted or empowered Authority will examine whether registered persons have passed on such reductions and will exercise prescribed powers and functions to determine compliance.
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