Anti-profiteering requirement ensures tax rate cuts and input tax credit benefits are passed to consumers through price reductions. Anti-profiteering requires any reduction in tax rate or benefit of input tax credit to be passed to recipients via commensurate price reductions. The Central Government may constitute or empower an Authority to examine whether registered persons have passed on these benefits, and that Authority shall exercise prescribed powers and discharge prescribed functions under the Tripura Goods and Services Tax Act, 2017.
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 requirement ensures tax rate cuts and input tax credit benefits are passed to consumers through price reductions.
Anti-profiteering requires any reduction in tax rate or benefit of input tax credit to be passed to recipients via commensurate price reductions. The Central Government may constitute or empower an Authority to examine whether registered persons have passed on these benefits, and that Authority shall exercise prescribed powers and discharge prescribed functions under the Tripura Goods and Services Tax Act, 2017.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
