Methodology to assess whether tax reductions or input tax credit benefits are passed through by commensurate price reductions. The Authority is empowered to prescribe the methodology and procedure for assessing whether a registered person has passed on the benefit of a reduced tax rate or input tax credit to the recipient by way of a commensurate reduction in prices, including criteria, measurement approach and procedural steps to determine compliance with the pass through obligation.
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.
Methodology to assess whether tax reductions or input tax credit benefits are passed through by commensurate price reductions.
The Authority is empowered to prescribe the methodology and procedure for assessing whether a registered person has passed on the benefit of a reduced tax rate or input tax credit to the recipient by way of a commensurate reduction in prices, including criteria, measurement approach and procedural steps to determine compliance with the pass through obligation.
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