Rule 7 - Power to determine the methodology and procedure

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.